Differentiate between a patent and a copyright
What will be an ideal response?
A patent is the privilege granted to an individual or company by the government, which gives them the sole right to produce and sell a good. On the other hand, a copyright is an exclusive right granted by the government to an author's intellectual property.
Economics
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Of the following groups, who gains from rent controls?
A) landlords B) construction workers and their union leaders C) poor people who have a hard time earning enough income to pay high rents D) high-income people who live in rent-controlled apartments
Economics
Briefly explain how unemployment insurance can stabilize the economy. Give an example.
What will be an ideal response?
Economics