Related to the Economics in Practice on P

question 14

Multiple Choice

Related to the Economics in Practice on p. 628: The emigration of Jewish scientists from Germany to the United States in the late 1930s and early 1940s may have increased patent rates in their fields of chemistry by

• A) up to 5%.
• B) 15%.
• C) more than 30%.
• D) over 100%.

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Definitions:

Duty Of Loyalty

An agent must subordinate his personal concerns by (1) avoiding conflicts of interest with the principal and (2) not disclosing confidential information received from the principal.

Joint And Several

Legal terminology indicating that all parties involved can be collectively or individually responsible for the full amount of liability.

Issue Negotiable Instruments

The act of creating financial documents, such as checks or promissory notes, that are transferable from one party to another in exchange for value.

Borrow Money

The act of obtaining funds from another party (such as a bank or individual) under the agreement to repay the principal amount along with interest or other charges.