This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Would companies and individuals invest as much in significant research and development if a system ... (Read 84 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 30, 2018
Would companies and individuals invest as much in significant research and development if a system of patents were not available?
 a. Yes they would, because they could still hope to monopolize the market.
 b. Yes they would, because firms are civic-minded and highly motivated to introduce innovations that improve the standard of living.
  c. No they would not, because if they made a significant investment in the development, they would be unable to protect the innovations or discoveries long enough to be sufficiently compensated for their efforts.
  d. No they would not, because the benefits to society of engaging in research and development would be less than the costs to society.

Question 2

Which of the following would not cause any kind of an outward shift of a nation's production possibilities curve PPC?
 a. An improvement in the general level of education
  b. Technological innovation
  c. Discovery of a new source of energy
  d. An increase in the size of the labor force
  e. A flood that renders thousands of acres of farmland unusable


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Female Reproductive System Issues Female Reproductive System Issues
Umberto Boccioni, Development of a Bottle in Space. Umberto Boccioni, Development of a Bottle in Space.
Vocabulary Development in English Monolinguals (EL1) and English Language Learners (ELL) Vocabulary Development in English Monolinguals (EL1) and English Language Learners (ELL)
Development of Foliation due to Directed Pressure Development of Foliation due to Directed Pressure
Complete Digestive System: Bird Complete Digestive System: Bird
Proportional Changes During Skull Development: Human vs. Chimpanzee Proportional Changes During Skull Development: Human vs. Chimpanzee
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library