Allowing an inventor to have the exclusive rights to market her new invention will lead to (i) a product that is priced higher than it would be without the exclusive rights. (ii) desirable behavior in the sense that inventors are encouraged to invent. (iii) higher profits for the inventor
a. (i) and (ii) only
b. (ii) and (iii) only
c. (i) and (iii) only
d. (i), (ii), and (iii)
d
Economics
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Tariff is a legal limit on the amount of a commodity that can be imported
Indicate whether the statement is true or false
Economics
Data on after-tax income and consumption spending for the Adam Smith family are given below:After-tax IncomeConsumption Spending9,00017,20014,00021,20019,00025,20024,00029,200Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A. 0.8. B. 0.6. C. 0.9. D. 0.75.
Economics