Why are patents in the biotechnology and semiconductor industries often irrelevant?
a. Technology is advancing very quickly.
b. Foreign countries lack intellectual property laws.
c. The length of a patent is shorter than necessary.
d. Patent laws do not apply to these industries.
a. Technology is advancing very quickly.
Economics
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Events that arise spontaneously and unpredictably, often as a result of changes in consumer and business confidence regarding the economy, are called
A) supply shocks. B) demand shocks. C) recessions. D) externalities.
Economics
Which of the following is not a component of the M1 money supply?
A) Cash in circulation B) Gold owned by the federal authorities C) Deposits in checking accounts D) Any issued traveler's checks
Economics