The 10-year protection period from generic competition for drug manufacturers is a form of
A) copyright.
B) trademark.
C) hallmark.
D) patent.
Answer: D
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The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights
a. John Maynard Keynes b. Alfred Marshall c. Adam Smith d. John Hicks
The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only B) private income plus cash benefits C) private income with cash and in-kind benefits D) private income with Social Security payments subtracted
The crowding-out effect suggests that:
A. Increases in consumption are always at the expense of saving B. Increases in government spending will close a recessionary expenditure gap C. Increases in government spending may reduce private investment D. High taxes reduce both consumption and saving
A newspaper headline reads: "Fed Cuts Federal Funds Rate for Fifth Time This Year." This headline indicates that the Federal Reserve is most likely trying to ________.
A. ease monetary policy B. tighten monetary policy C. raise interest rates D. reduce inflation in the economy