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shtirl [24]
4 years ago
13

During the 2001 anthrax scare, the U.S. government threatened to disregard Bayer%u2019s patent of ciprofloxacin, the most effect

ive drug to fight anthrax, and license the production of the drug to American drug companies to stockpile the drug in case of an anthrax epidemic. While the policy would lower costs to the U.S. government of stockpiling the drug, it also would have other costs. What are those costs?
Instructions: Select all that apply.

Lost profit by Bayer.

Fewer new drugs invented.

Higher current welfare loss.

Increased sunk costs by drug industry.
Business
1 answer:
Marianna [84]4 years ago
8 0

Answer:

Consider the following explanation

Explanation:

Option A, B and D are correct, It will reduce the profit of the company who is loosing the monopoly, and fewer drugs will be invented in the market and firms are loosing the monopoly, and the sunk cost will increase.

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Hope this helps

8 0
4 years ago
Travis takes two trips to Ecuador. On his first trip, he finds that one US dollar is worth 25000 Ecuadorian Sucre. On his return
Agata [3.3K]

Answer:

More Americans will travel to Ecuador.

Explanation:

Travis is an American.

On his first trip,

1 US dollar = 25,000 Ecuadorian Sucre

On his second trip,

1 US dollar = 26,000 Ecuadorian Sucre

This indicates that the US dollar appreciated against the Ecuadorian Sucre. Now, the residents of United States will have to pay less for going on a trip to Ecuador. Hence, there is an increase in the number of Americans going for a trip to Ecuador.

6 0
4 years ago
Read 2 more answers
According to economists, inflation is a. eliminated by the government. b. unavoidable, and therefore something beyond the contro
mote1985 [20]

Answer: Option D

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In a scenario of inflation the purchasing power of the consumers decreases leading to a decrease in demand. Inflation could be controlled but is unavoidable and hence every economy faces some level of inflation every time.

Hence from the above we can conclude that the correct option is D.

7 0
3 years ago
all three levels of profession are required to run an organisation or a business is uniquely justify this statement​
Ber [7]

Answer:

The key to a successful organization is to have a culture based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. When an organization has a strong culture, three things happen: Employees know how top management wants them to respond to any situation, employees believe that the expected response is the proper one, and employees know that they will be rewarded for demonstrating the organization's values.

HR has a vital role in perpetuating a strong culture, starting with recruiting and selecting applicants who will share the organization's beliefs and thrive in that culture. HR also develops orientation, training and performance management programs that outline and reinforce the organization's core values and ensures that appropriate rewards and recognition go to employees who truly embody the values.

This article covers the following topics:

The importance of having a strong organizational culture.

HR's role in fostering a high-performance culture.

Definitions of organizational culture.

Factors that shape an organization's culture.

Considerations in creating and managing organizational culture.

HR practices to ensure the continuity and success of an organization's culture.

Communications, metrics, legal, technology and global issues pertaining to organizational culture.

Explanation:

5 0
3 years ago
In the obsolescing bargain situation, bargaining power of the host country government will be stronger when the MNC has made lar
patriot [66]

Answer:

True

Explanation:

The obsolescing bargain is a model of interaction between a multinational enterprise and a host country government, which initially reach a bargain that favors the MNE but where, over time as the MNE's fixed assets in the country increase, the bargaining power shifts to the government

4 0
4 years ago
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