To encourage the creation of ideas,governments usea. patents.b. subsidies.c. internet taxes.d. a and b only.e. a, b, and c only. Patents give entrepreneurs a__on their ideas. *a. price floor.b. price ceiling.c. negative externality.d. positive externality.e. monopoly.True or false: Patents have costs andbenefits when it comes to encouragingidea creation and adoption. *a. True.b. False.

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To encourage the creation of ideas, governments use a. patents. b. subsidies. c. internet taxes. d. a and b only.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

To encourage the creation of ideas,
governments use
a. patents.
b. subsidies.
c. internet taxes.
d. a and b only.
e. a, b, and c only.

Patents give entrepreneurs a
__on their ideas. *
a. price floor.
b. price ceiling.
c. negative externality.
d. positive externality.
e. monopoly.
True or false: Patents have costs and
benefits when it comes to encouraging
idea creation and adoption. *
a. True.
b. False.

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