Answer to Question #190254 in Macroeconomics for James

Question

QUESTION 19

In some cases, markets:

1. Can produce public goods.
2. Can prohibit public goods.
3. Are wholesome.
4. Satisfy everyone in society.
5. Make everyone happy.

QUESTION 20

All patents and copyrights:

1. Belong to a single person.
2. Are the property of the U.S. Government.
3. Discourage innovation.
4. Are scheduled to end someday.
5. Will continue indefinitely.

QUESTION 21

A patent should cover a long enough period of time:

1. For the cows to come home.
2. For the inventor to earn a good return.
3. For the fish to swim.
4. Before taking the product away from society.
5. For society to enjoy the costs of the product.

QUESTION 22

The benefits of technology spillovers:

1. Do not really exist.
2. Cannot exist in theory.
3. Will be overproduced by the market.
4. Are shared evenly.
5. Are not shared equally.

Answer 1

QUESTION 19

In some cases, markets:

1. Can produce public goods.

QUESTION 20

All patents and copyrights:

4.Are scheduled to end someday.

QUESTION 21

A patent should cover a long enough period of time:

2.For the inventor to earn a good return.

QUESTION 22

The benefits of technology spillovers:

5.Are not shared equally.