Which Country Has Been the Location of Three Very Profitable

question 2

Multiple Choice

Which country has been the location of three very profitable pharmaceutical companies and introduced patent protection for drugs only in 1977?

• A) United States
• B) Switzerland
• C) Canada
• D) Germany

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Definitions:

Wage

A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.

Utility Function

A mathematical representation of how choices lead to different levels of happiness or satisfaction, showcasing preferences over a set of goods or outcomes.

Milk Consumption

The amount of milk drunk or used by individuals or populations over a specific period.

Endowment

The total resources available to an individual or economy, including land, labor, capital, and technology.