The primary purpose of patents and copyrights is to
A) provide owners with large profit forever.
B) protect firms from being taken advantage of by competing firms.
C) protect domestic firms from foreign competition.
D) encourage the expenditure of funds on research and development to create new products.
Answer: D
Economics
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In the specific factors model, the effects of trade on welfare overall are ________ and for fixed factors used to produce the exported good they are ________
A) positive; positive B) negative; positive C) positive; negative D) ambiguous; positive E) positive; ambiguous
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A country that experiences higher real interest rates than other countries would expect its currency to depreciate
Indicate whether the statement is true or false
Economics