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Solved: If Congress reduced the period of patent protection from 20 years to 10 years

Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor ISBN: 9781947172364 471

Solution for problem 4 Chapter 9

Principles of Economics | 2nd Edition

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Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Economics | 2nd Edition

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Problem 4

If Congress reduced the period of patent protection from 20 years to 10 years, what would likely happen to the amount of private research and development?

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Employment Discrimination – a limitation or denial of employment opportunity based on protected class characteristics of a person  Harassment is a growing issues  The number of discrimination complaints continue to rise  Pay inequities – according to economists there is a pay inequity, but why o Some of these pay inequities could be because women need pregnancy leave o There are still some discrimination issues  People have been granted the right to work in a place free of discrimination an harassment  Unfair treatment must be based on or related to the protected class Retaliation – the right to go against the workforce for being discriminate

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Chapter 9, Problem 4 is Solved
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Textbook: Principles of Economics
Edition: 2
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
ISBN: 9781947172364

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Solved: If Congress reduced the period of patent protection from 20 years to 10 years