The European Union Has Both a Common Multinational Patent Application

question 42

True/False

The European Union has both a common multinational patent application process as well as the individual country processes.

---

Definitions:

Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports.

Exports

Goods or services sold by a country to buyers in another country.

Imports

Products or services imported from foreign countries for the purpose of selling.

Trade Deficit

A situation where a country's imports exceed its exports, indicating that it is buying more goods and services from abroad than it is selling.