Knowledge that is patented is a
a. public good, whereas knowledge that is not patented is a common resource.
b. private good, whereas knowledge that is not patented is a club good.
c. common resource, whereas knowledge that is not patented is a private good.
d. club good, whereas knowledge that is not patented is a public good.
d
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The objective of rent controls is to
A) ensure an adequate supply of rental housing for the poor. B) keep rents below levels that would be observed in a freely competitive market. C) encourage the construction of new rental units. D) raise revenue for the local government.
A bank has $200 million in assets and $230 million in liabilities. The bank's net worth is _____________ million and the bank is ____________
A) -$215; insolvent B) -$30; insolvent C) $15; solvent D) $30; solvent