Serena invents a new, unique, long-life battery. A grant from the government that gives Serena the exclusive right to make and sell the battery for a certain period of time is patent.
What is government?
An organised community is governed by a system or group of people, typically a state. Government typically consists of the legislative, executive, and judicial branches in the particular instance of its broad associative definition. Government is a mechanism for making policy decisions as well as a way to enforce organisational policies. A declaration of the government's guiding principles and philosophy is the equivalent of a kind of constitution in many nations. The term "government" is frequently used more specifically to refer to the roughly 200 independent national governments as well as subsidiary organisations, even though all organisations have governance. Modern democracies, monarchies, as well as authoritarian and totalitarian regimes are the main varieties of political systems. The monarchy, the aristocracy, the timocracy, the <u>oligarchy, democracy, theocracy</u>, as well as tyranny have all been common forms of government throughout history.
Therefore, the correct option is (B) patent
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Answer:
This re-establishes the industry/DoD exchange of Logistics Support Analysis Record (LSAR) data in a common format:
a. GEIA-STD-0007
Explanation:
The GEIA-STD-0007 standard is designed to provide users with a uniform set of data tags for all or portions of logistics product. It can be used by government establishments and businesses. The standard defines logistics data generated during the requirement definition and design of an industry or government system, as part of the Logistics Support Analysis Record (LSAR), in a common format.
Answer:
1. The resource demand curve of a firm operating in an imperfectly competitive industry is less elastic than the resource demand curve of a firm operating in a perfectly competitive industry.
2. A firm operating in an imperfectly competitive industry is less responsive to resource price changes than a firm operating in a perfectly competitive industry.
Explanation:
In an imperfectly competitive industry, the goods and services are heterogeneous, with few sellers and buyers, competition for market share, and the sellers are not price-takers. Since they are not identical, and sellers are not price-takers as in a perfectly competitive market, the sellers can increase prices when a resource price (cost) has increased, and still they earn economic profits. However, their ability to earn profits will depend on the quantities of goods produced and sold.
Answer:
Shoe leather costs
Explanation:
(A) Shoe leather costs
(B) Inflation can be defined as the persistent rise in the prices of goods and services. Shoe leather costs can be defined as the costs of time and effort that are encountered by individuals while trying to prevent the effect of inflation. It describes the costs incurred by individuals that visits the bank often inorder to withdraw money needed to purchase goods and services during the time of inflation.
Shoe leather cost arises during the period of high inflation, individuals do not hold large amount of cash because there will be a reduction in the value of the money.
