Although patents are a ________, they also provide ________.
A. barrier to entry; for free entry of new firms
B. collusive agreement; for free entry of new firms
C. collusive agreement; an incentive for invention and innovation
D. barrier to entry; an incentive for invention and innovation
Answer: D
Economics
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If neither employers nor consumers are prejudiced,
a. discrimination cannot occur b. all wages will be equal for all workers c. there will be no non-ability-based wage differentials between different groups of workers d. statistical discrimination may still occur e. all equally qualified potential workers have an equal chance of employment and advancement
Economics
What assumption about human motivation is made in economics? Explain
What will be an ideal response?
Economics