Governments grant patents to encourage
A) low prices. B) firms to form public enterprises.
C) research and development on new products. D) competition.
C
Economics
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In a free market economy, the market clearing (equilibrium) price in the above table would adjust to
A) $1. B) $3. C) $4. D) $5.
Economics
Which of the following equations is correct?
A) Saving = Disposable income + Consumption B) Saving = Disposable income x Consumption C) Disposable income = Consumption - Saving D) Saving = Disposable income - Consumption
Economics