The Exclusive Right to Use a Certain Name or Symbol

question 18

Multiple Choice

The exclusive right to use a certain name or symbol is called a

• A) franchise
• B) patent
• C) trademark
• D) copyright

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Definitions:

Accelerator Effect

Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.

Aggregate Demand

The sum of all demands for products and services in an economy, set at a particular price level and time period.

Aggregate Demand

Unified demand for all forms of goods and services in an economic landscape at a determined general price level throughout a certain time period.

Stabilize Output

An economic strategy aiming to maintain consistent levels of production and minimize fluctuations in an economy.