The interest parity condition indicates that the interest differential is equal to the

Refer to the Article Summary. If the 12 nations that are a part of the TPP do not agree to these stricter pharmaceutical patent laws as a way to increase intellectual property rights and ignore any international agreements which do protect these

intellectual property rights, which of the following would most likely occur? A) More patents would be issued to pharmaceutical companies. B) Pharmaceutical companies would consider expanding operations to these TPP nations. C) More dollars would be spent on the development of new medicines. D) Pharmaceutical companies would decrease investment in the development of more experimental drugs.

The condition, MRSC,C' = 1 + r, describes the representative consumer's

A) investment decision. B) consumption - savings decision. C) current period work - leisure decision. D) future period work - leisure decision.