What do we mean when we say that some technological knowledge is not proprietary?

Technological knowledge is not proprietary if it is common knowledge — after one person uses it, everyone becomes aware of it.

Economics

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Define the two “pure” types of exchange-rate systems.

What will be an ideal response?

Economics

Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower

Economics