Innovation is

A. the same thing as invention.
B. the desired result of invention.
C. the necessary precondition of invention.
D. unrelated to invention.

Answer: B

Economics

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If a $10 increase in government expenditure produces a change of $17 in gross domestic product, the value of the government expenditure multiplier is ________

A) 27 B) 1.7 C) 7 D) 170

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Brand Name Drug Industry Dynamics Market approval in the US for new pharmaceutical products is a long, arduous, and expensive process. Once approved, patent protection keeps close substitute products from entering for some years. If the demand for a particular product is stable, what would you predict for the profitability after approval and prior to patent expiration?

Economics