Refer to Table 4.2. With which scenario will you be worst off by investing in Japanese bonds instead of U.S. bonds?

Inefficiency can be caused in a market by the presence of

a. market power. b. externalities. c. imperfectly competitive markets. d. All of the above are correct.

A patent is a barrier to entry

A. that grants exclusive use of an invented product or process to the inventor. B. that grants exclusive use of an invented product or process to the government. C. that only allows use of an invented product or process to other companies within the industry. D. that allows use of an invented product or process by everyone.