Which of the Following Is True

question 104

Multiple Choice

Which of the following is true?

• A)Patents reduce a firm's incentive to develop new products.
• B)Patents are given for new works of art or literature.
• C)Patents give a permanent exclusive right to produce a new good.
• D)Patents give a temporary exclusive right to produce a new good.
• E)Patents guarantee economic profits.

---

Definitions:

Race Riots

Violent disturbances and conflicts that arise from racial tensions and prejudices, often involving confrontations between racial or ethnic groups and sometimes with law enforcement.

Northern Cities

Northern Cities refers to urban areas located in the northern part of a country or region, often characterized by specific socioeconomic and cultural traits.

Wartime Economy

An economic phase characterized by the reallocation of resources, production, and labor towards military efforts during times of war.

Revenue Act of 1916

A United States federal law that aimed to increase tax revenues for the preparation of World War I, imposing an excess profits tax and increasing estate and income taxes.