A patent provides protection for an invention or a design. If a competitor duplicates the device, patent laws are likely to be violated and litigation would follow.

Answer all questions in the exam document embedded below. After you completed your exam, scan your pages into a single PDF, name it Final_StudentName (example: Final_JohnSmith.pdf).  Before uploading, verify your file has all the pages you need to submit. Upload it by clicking on “Choose a File” button in “Question 1” below. You are only allowed to upload one file to a question. Then click “Submit Quiz”. You may get a warning saying that you have some unanswered questions if you do not use optional file upload sections, click OK to submit anyway. View exam document here. Use double-sided arrow icon on the tool bar below to preview it in full screen mode. You can also download it and open it on your computer. AE_6050_final_i.pdf

are individuals or people living together as decision-making units

The goods and services that we buy from firms in other countries are

A ________  ________ is a choice that uses the available resources to best achieve the objective of the person making the choice.

The basic economic problem is how to ______ scarce resources among alternate uses.

whatever is widely accepted as a method of payment

something used as money, but which has no intrinsic value besides that

The U.S. government has implemented a number of programs to assist those below the poverty line and those who have incomes just above the poverty line called the 

a balance achieved between two desirable but incompatible outcomes