Author Question: If the government began providing free textbooks to college students who would otherwise have bought ... (Read 18 times)

CORALGRILL2014 · **on:** Jun 30, 2018

If the government began providing free textbooks to college students who would otherwise have bought their books from the private sector, the government's action would result in

A) a Ricardian dilemma.
B) a direct expenditure offset.
C) an increase in real Gross Domestic Product (GDP).
D) a reduction of the government deficit.

Question 2

What is the economic role of a patent?

What will be an ideal response?

Anonymous · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

A patent grants the inventor the exclusive right to make, use, or sell an invention for 20 years. This gives the inventor property rights on the invention, which enables the inventor to profit from the invention. The number of inventions should be greater if people can profit from inventive activity, so patents help stimulate investment in new technology and economic growth.