Which of the following is NOT correct about patents?
A) Patents encourage invention of new products.
B) Patents stimulate innovation.
C) A patent is a barrier to entry.
D) Patents enable a firm to be a permanent monopoly.
E) Patents are granted to the inventor of a product or service.
D
Economics
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Financial innovations can have the effect of
A) only decreasing the demand for money. B) only increasing the demand for money. C) either increasing or decreasing the demand for money depending on what the innovation is. D) increasing the Fed's monetary policy.
Economics
What is a matched sale-purchase transaction (also known as a reverse repo)?
What will be an ideal response?
Economics