Intellectual property rights provided by patent systems typically ________
A) provide tax incentives to encourage research and development
B) allow for the depreciation of capital
C) compensate the government for building infrastructure
D) last about twenty years
D
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The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
A) the nation will be producing inefficiently. B) the opportunity cost is 9 pizzas. C) it will shift the production possibilities frontier. D) it will be unable to do so because the production point is unattainable. E) the nation will then be producing at a production efficient point.
A change in the price level
A) shifts the AE curve and creates a movement along the AD curve. B) creates a movement along both the AE curve and the AD curve. C) shifts the AE curve and the AD curve in opposite directions. D) creates a movement along the AE curve and shifts the AD curve. E) shifts the AE curve and the AD curve in the same direction.