Without a copyright, the high fixed costs of textbook creation
A. would be lower.
B. would be more easily recoverable.
C. would be higher.
D. would be nearly impossible to recover.
Answer: D
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Refer to the accompanying figure, which shows the annual domestic supply and annual domestic demand for jeans in a small country.
Suppose this country initially does not trade with the rest of the world. If the world price of a pair of jeans is $40, and this country opens itself to trade, then the annual domestic production of jeans will:
A. increase from 20,000 to 28,000. B. fall from 20,000 to 4,000. C. fall from 28,000 to 4,000. D. increase from 4,000 to 28,000.
An increase in the demand for a product and a reduction in its costs of production would:
A. Decrease the profits of producers B. Encourage firms to leave an industry C. Encourage firms to enter an industry D. Cause a shortage of the product
Who makes up the voting members of the Federal Reserve's Open Market Committee?
What will be an ideal response?
If the stock of capital of a nation is ________ while the population ________, the nation can produce more output, but output per worker falls.
A. fixed; decreases B. declining; decreases C. fixed; increases D. fixed; remains stable