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Article 8 of the US Consitution empowers Congress, in part, "To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries."
Some economists consider that patents & copyrights (what is called "intellectual property" or "intangible property") in their current form contribute to stifling innovation and to the unequal distribution of income by taking advantage of monopoly profits. Here is a short discussion of the benefits and costs of patents & copyrights. And here is a discussion of the effects of monopolies on income & wealth.
In several paragraphs, discuss whether in your view the patent & copyright system in the United States is perfect as it is, or if it should be modified, and in what way. Please justify your response with evidence from an academic-level outside source.
In what ways do the media help promote popular government? What are the responsibilities of the media? Are they living up to their responsibilities?
What is equilibrium price?What is the equilibrium quantity(Q)? Compute the consumer surplus a=384 b=296 c=0 d=112 e=-112 f= none of the above Compute the Consumer Surplus?
Select a local, national, or international public policy topic and identify the pros and cons of the policy. Examine how the policy was formulated.
The paper will specifically identify individuals and firms (may be fictitious) and describe their labor market options due to the situation in the news article.
What four worlds does the vocalic world of interpretation include and explain. Drawing might help here but will not be sufficient. Explain the covenants mentioned in scripture and where they climax?
In the mid-1990's fashion trends toward loose-fitting, casual cotton clothing drove up the price of domestic cotton. In response, existing domestic farmers switched over from growing soybeans and rice to growing cotton. What best explains the effect ..
Cockatoos are drugged and smuggled in suitcases to the United States. Half of the smuggled cockatoos die in transit. Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.
Refer to the discussion of the automobiles in the section on "Trading Off Conflicting Objectives: The Basics." We discussed switching first from the Standard.
All loans shall be computed at an annual percentage interest rate
From 1947 to 1973, the US economy went through five recessions, while Europe and Japan did not have any. Since 1982, however, cyclical downturns in Europe.
Write a short essay utilizing each of these terms and explaining how these terms relate to one another. Where appropriate use graphs or examples to illustrate these relationships.
Is economics a science? Why, or why not? As part of your response and explanation, include the definitions of "science" and "economics" as you understand them.
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