Patents are currently granted for a period of 20 years in the United States. Do you think that time period is too long or too short? Explain your reasoning
Answers will vary, but should consider the trade-off between short run allocative inefficiency and the incentive for technological progress in the long run.
Economics
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Refer to Table 11-7. What is the average total cost of production when the firm produces 120 lanterns?
A) $1,680 B) $72 C) $14 D) $12.3
Economics
Which of the following is included in M1?
a. savings accounts b. money market deposit accounts c. money market mutual funds d. certificates of deposit e. None of the above are included.
Economics