A patent is
A) an agreement between a union and management on certain labor issues.
B) a bond issued by the government.
C) the monopoly right given to a producer/company.
D) a bond issued by a state.
C
Economics
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What does a "fractional reserve banking system" mean?
(A) One that must keep most deposited money in reserve. (B) One that uses fractional paper currency as well as coins. (C) One that keeps only a small part of customers' deposits on hand. (D) One that is required to report daily deposits to the Federal Reserve.
Economics
Examining data on cyclical unemployment plotted against unanticipated inflation shows
A) a positive relationship. B) a negative relationship. C) no significant relationship. D) a relationship only during the 1960s.
Economics