(6) Patent protection is necessary to make research and development (a) diffuse
ID: 1162874 • Letter: #
Question
(6) Patent protection is necessary to make research and development (a) diffuse more quickly (b) environmentally responsible (c) fertile (d) appropriable (7) In an open economy, assume net immigration is positive and the number of is constant. If both the number of deaths and net immigration increase, we can argue that (a) the country's population will increase (b) the country's population will decrease (c) the country's population will remain the same (d) the effect on the country's population is ambiguous (8) Borrowing from the rest of the world is NOT a problem as long as (a) the money borrowed is used to increase consumption of the poor (b) the money borrowed is used to finance a tax cut (c) the new capital is productive enough to pay the interest on the debt (d) the country is willing to default on its debt (9) If the nominal interest rate falls and the expected inflation rate rises, then the real interest rate (a) will fall, but only if the drop in the nominal rate is smaller than the increase in expected inflation (b) will rise, but only if the drop in the nominal rate is greater than the increase in expected inflatiorn (c) must fall (d) must riseExplanation / Answer
6 d. Appropriable
If we protect R&D through patents then others can't use technology to produce same products.
7. d, Effect will be ambiguous
Final result will depend on whether immigration is greater than deaths or vice versa.
8.c
Because Dept undertaken for capital accumulation and increasing long term productivity will help in repaying the debt .
9 c
Real interest rate = Nominal interest rate - Inflation
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