Institutions and laws, such as patent protection, that foster innovations lead to economic growth because they allow the government control of the innovations. give confidence to inventors that they will profit from their innovation. give confidence to consumers that the products they buy are safe. give businesses loans to buy new machinery.

Institutions and laws, such as patent protection, that foster innovations lead to economic growth because they allow the government control of the innovations. give confidence to inventors that they will profit from their innovation. give confidence to consumers that the products they buy are safe. give businesses loans to buy new machinery.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 9SQ

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