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Question
Which of the following is true of trends in the number of new U.S. patents?
A) There was a steady increase in new patents throughout the 1970s.
B) There was a surge in new patents in the latter part of the 1990s.
C) The number of new patents granted each year has remained unchanged since the early 1970s.
D) The number of new patents granted each year declined by more than 50 percent after 2001.
Answer
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Related questions
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The purpose of an effluent fee imposed on a firm isA) to increase output of its product by increasing the resources allocated to production.B) to increase output of its product by reducing the resources allocated to production. C) to reduce output by increasing production costs thereby reducing resources used. D) none of the above
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Refer to the above figure. At a price of $2 per gallon, there isA) a surplus of 20,000 gallons per month. B) a shortage of 40,000 gallons per month.C) a shortage of 80,000 gallons per month. D) a shortage of 60,000 gallons per month.
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Markets tend to underallocate resources to the production of a good whenA) there are negative externalities. B) there are positive externalities. C) there are public goods produced. D) equilibrium occurs.
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Which of the following statements is FALSE?
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