A patent on a product gives a firm A. economies of scale in producing the product. B. excessive profits in the long run. C. the power to impose a tariff on a competing product. D. protection from having the invention copied or stolen for a period of 20 years.

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak