The transformation of an invention into something that benefits the economy is known as

A) a compounder. B) an externality. C) an innovation. D) a patent.

C

Economics

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A monopsonist can pick the ____, while a monopolist can pick ____

a. the price it will charge; the wage it will pay b. the wage it will pay; the price it will charge c. the market price for its output; the quantity it will produce d. marginal product of labor; the marginal cost of labor e. number of competitors; the number of buyers

Economics

Tiebout local public good provision is more easily implemented than a Lindahl equilibrium -- because people know each other's tastes locally and can more easily come up with the right way to divide the cost for public goods.

Answer the following statement true (T) or false (F)

Economics