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Author Question: Patents are currently granted for a period of 20 years in the United States. Do you think that time ... (Read 85 times)

dejastew

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on: Jun 30, 2018
Patents are currently granted for a period of 20 years in the United States. Do you think that time period is too long or too short? Explain your reasoning.

Question 2

Suppose the official gold value of the Brazilian real changes from 527 reals per ounce to 508 reals per ounce. We can then say that:
 a. the Brazilian real has depreciated in value as a consequence of free market fluctuations.
  b. the Brazilian real has appreciated in value.
  c. gold is now more expensive to purchase in Brazil than it was before.
  d. the Brazilian real has been devalued.
  e. the Brazilian economy is expected to experience rapid inflation.


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Perkypinki

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Answers will vary, but should consider the trade-off between short run allocative inefficiency and the incentive for technological progress in the long run.

Answer to Question 2

b


dejastew

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Reply 2 on: Jun 30, 2018
Excellent

blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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