When the government wants to give an exclusive right to one firm to produce a product, it
A) uses antitrust laws to keep other firms from entering the market.
B) imposes a tariff on imports of the product.
C) imposes a quota on imports of the product.
D) grants a patent or copyright to an individual or firm.
D
Economics
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During this year, nominal GDP in Syldavia was $720 billion and real GDP was $720 billion. The GDP price index in Syldavia in this year was
A) 0, because nominal GDP equaled real GDP. B) 100. C) 720. D) -1. E) 720 billion.
Economics
If consumer confidence rises and inflation expectations remain unchanged, what happens to inflation and unemployment? Defend your answer
Economics