According to the Text,The Bayh-Dole Act of 1980

question 15

Multiple Choice

According to the text,The Bayh-Dole Act of 1980

• A) made the transfer of technology to enemies of America illegal.
• B) allowed universities to collect royalties on inventions funded with taxpayer dollars.
• C) made it impossible to patent inventions developed at universities.
• D) made it legal for private companies to invest in research and technology.

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Definitions:

Aggregate Demand

The entire appetite for goods and services across an economy, quoted at a chosen price level, during a determined timeframe.

World War II

World War II was a global conflict that lasted from 1939 to 1945, involving most of the world's nations and culminating in significant changes to political boundaries and power structures.

Sticky-Wage Theory

Sticky-Wage Theory suggests that wages are slow to adjust to the equilibrium level due to contracts, worker morale, and employer incentives, contributing to unemployment during economic downturns.

Expected Price Level

The anticipated average price of goods and services in the economy for a future period, which can influence consumer and business expectations and behaviors.