Which of the following leads to an increase in real GDP?
A) a decrease in the inflation rate in other countries relative to the inflation rate in the United States
B) a decrease in interest rates
C) a decrease in government spending
D) Households have increasingly pessimistic expectations about future income.
B
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The demand for dollars is downward sloping because when dollar value rises,
a. Foreigners demand more of US goods and services b. Foreigners demand less of US goods and services c. Foreigners demand more dollars d. It does not depend on the dollar value
Answer the following statements true (T) or false (F)
1) Trade secrets confer more robust protection that patents. 2) A patent request will meet the nonobviousness condition if it is not obvious to a person with ordinary skill working in the area. 3) In the absence of patent rights, society can still achieve the optimal amount of innovation. 4) Trade secrets do not need governmental approval to protect it. 5) An important difference between a patent and a trade secret is that a patent holder must disclose the workings of the patent and the trade secret owner is not required to disclose the trade secret.