Electronics firms may be able to get patents on their ideas. Doing so makes their ideas
a. private goods rather than public goods. This gives people more incentive to engage in research.
b. private goods rather than public goods. This gives people less incentive to engage in research.
c. public goods rather than private goods. This gives people more incentive to engage in research.
d. public goods rather than private goods. This gives people more incentive to engage in private research.
a
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Which of the following is correct concerning the open-economy macroeconomic model?
a. The net-capital-outflow curve slopes upward. b. The key determinant of net capital outflow is the real exchange rate. c. The supply of dollars in the market for foreign-currency exchange is vertical. d. None of the above is correct.
If benefit functions for a public good could be identified accurately, incremental benefits would be measured as
a. the area under the MSB function between the pre- and post-policy abatement levels. b. the area under the TSB function between the pre- and post-policy abatement levels. c. a horizontal distance on the MSB model corresponding to the pre- and post-policy abatement levels d. none of the above