If a Nation Changes Its Laws to More Actively Enforce

question 171

Multiple Choice

If a nation changes its laws to more actively enforce intellectual property rights, all of the following will most likely take place except

• A)more software companies will choose to export their products to that country.
• B)more film makers will choose to do business in that country.
• C)the black market for intellectual property will become more prosperous in that country.
• D)foreign investment in that country will increase.

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Definitions:

Money Supply

The full amount of economic monetary assets at a specific point in time.

Prices

The amount of money required to purchase a good, service, or asset, acting as a signal in the market to both buyers and sellers.

Aggregate Demand

The total demand for all goods and services in an economy at different price levels during a specific time period.

Aggregate Supply Model

An economic model that represents the total supply of goods and services that firms in an economy are willing and able to produce at a given overall price level.