Answer:
The correct answer is option C.
Explanation:
A budget line shows the maximum possible bundles of two goods that a consumer can afford by spending his whole income. Both the axes represent two different commodities and the consumer income and price of commodities are given.
A decrease in income will decrease the purchasing power of the consumer. While the price of the two products remains the same, the consumer will be able to afford less quantity of both.
This will cause the budget line to shift inward to the left.
<span>C.) Agriculture, Forestry, and Fishing
</span>
Those are all a source of raw materials.
Answer:
The answer is A
Explanation:
Mortgage loans are used for houses and real estate.
<span>Patent rights generally remain enforceable for 5-20 years, depending on the invention and the country. THIS IS TRUE.
English patents - 14 year term
American patents - 17 year term. A compromise between the historical 14 years and potential 21 years of protection.
Italy and Mexico - 15 years from date of application
Japan - 15 years from publication
United Kingdom - 16 years from filing of specifications
Germany - 18 years from application
France - 20 years from filing
Argentina and Chile - 5, 10, 15 years depending on the type of invention.</span>
