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A. Copyrights protect the intellectual property of artists, photographers, and a

ID: 1094674 • Letter: A

Question

A. Copyrights protect the intellectual property of artists, photographers, and authors.

B. Patents grant monopoly power.

C. Patents can be obtained for new inventions and innovations.

D. A patent right is granted for a longer period of time than a copyright.

Question 3 of 20

A. redistribute income through taxes and transfers.

B. define and protect private property.

C. regulate railroads or other industries.

D. enforce contracts among private parties.

Question 4 of 20

A. both the price and quantity of hotdogs purchased are constant.

B. the price of hotdogs is constant.

C. variables other than the price and quantity of hotdogs purchased are constant.

D. the quantity of hotdogs purchased is constant.

D. an increase in supply today.

Which of the following statements is incorrect?

A. Copyrights protect the intellectual property of artists, photographers, and authors.

B. Patents grant monopoly power.

C. Patents can be obtained for new inventions and innovations.

D. A patent right is granted for a longer period of time than a copyright.

Question 3 of 20

Prior to 1900, the United States government did not:

A. redistribute income through taxes and transfers.

B. define and protect private property.

C. regulate railroads or other industries.

D. enforce contracts among private parties.

Question 4 of 20

When economists explain the relationship between the price of hotdogs and the number that consumers will buy, the ceteris paribus assumption implies that:

A. both the price and quantity of hotdogs purchased are constant.

B. the price of hotdogs is constant.

C. variables other than the price and quantity of hotdogs purchased are constant.

D. the quantity of hotdogs purchased is constant.

D. an increase in supply today.

Explanation / Answer

D

D (I think)

C

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