Drug companies are allowed to be monopolists in the drugs they discover in order to
a. allow drug companies to charge a price that is equal to their marginal cost.
b. discourage new firms from entering the drug market.
c. allow the government to earn patent revenue.
d. None of the above is correct.
d
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Which of the following may not be indicated by low long-term interest rates?
(A) That the economy is expected to contract in coming years. (B) That consumers want to borrow money to invest. (C) The future health of the economy. (D) That businesses do not want to borrow money to invest.
If the share of population employed in two countries is the same, average living standards will be higher in the country with:
A. higher average labor productivity. B. lower average labor productivity. C. the larger population. D. the smaller population.