Question
1. Which of the following is the best example of complementarity? a factory from the U.S. being moved to Malawi a patent a copyright a
1.
Which of the following is the best example of complementarity?
a factory from the U.S. being moved to Malawi
a patent
a copyright
a stove developed by Kenyans for Kenyans
2.
A hallmark of the production of ideas is that they involve large ___ and small ___.
fixed, variable
variable, rival
rival, variable
variable, fixed
3.
The economic rationale for patents is based most directly on
fully excludable goods
rival goods
increasing marginal costs
decreasing marginal costs
4.
If you were an entrepreneur attempting to generate a profit, what sort of thing would you most like to produce?
an idea
a rival good
a non-excludable one
one with declining marginal costs
5.
Economic theory suggests that there is ___ in ideas.
underinvestment
appropriate investment
overinvestment
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