Which of the following statements is true about patents and copyrights? (i) They have benefits and costs. (ii) They lead to higher prices. (iii) They enhance the ability of monopolists to earn above-average profits
a. (i) and (ii) only
b. (ii) and (iii) only
c. (ii) only
d. (i), (ii), and (iii)
d
Economics
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When the U.S. exchange rate rises, foreign goods become ________ and U.S. imports ________
A) less expensive; increase B) more expensive; decrease C) less expensive; decrease D) more expensive; increase
Economics
The actual unemployment rate exceeds the natural rate of unemployment. What are policymakers concerned about in this situation?
What will be an ideal response?
Economics