1 A trademark produces what two values? a) Economic and political b) Economic an
ID: 2702738 • Letter: 1
Question
1 A trademark produces what two values?
a) Economic and political
b) Economic and social
c) Economic and public
d) Social and private
2 in the appropriability of rents, if the cost of replication is high, and intellectual
property rights are _______, you have weak appropriability.
a) Tight
b) flexible
c) Loose
d) Redoubled
3. What are the keys to incentive-based approaches to meeting environmental goals?
a) Imposes a cost and leaves it to individual polluters to decide how best to respond
b) Imposes a fine and leaves it to government to decide the regulations
c) Imposes sanctions of a certain limit and lets the individual polluters decide how to
manage it within government guidelines
d) Imposes a cost and dictates the incentives for managing the situation
4 In the Coase Theorem, social efficiency is a problem because of _________to bargaining, which
are referred to as ____________costs.
b) Impediments; transactions
c) Impediment; business
d) Complexities; transactions
5
a) Command-and-control
b) Incentives or markets
c) Common goods
d) International agreements
6 __________ is a set of rights to control a tangible or intangible thing.
a) Property
b) Common law
c) Contract
d) Civil law
7. Cap-and-trade systems are also called.
a) market systems
b) tradable permit systems
c) incentive systems
d) governmental systems
8 Changing ____________ can dramatically alter the costs of replication of
intellectual creations, as in the case of Napster.
a) People
b) Technology
c) Taste
d) Management
9 Most of the costs of environmental protection are borne by _______?
a) Private parties
b) Government
c) Business
d) All of the above
10 A _______ may be granted for an invention of any new and useful process,
machine, manufacture, or composition of matter, or any new and useful
improvement thereof.
a) License
b) Patent
c) Contract
d) Copyright
Explanation / Answer
1 A trademark produces what two values?
b) Economic and social
2 in the appropriability of rents, if the cost of replication is high, and intellectual
property rights are _______, you have weak appropriability.
c) Loose
3. What are the keys to incentive-based approaches to meeting environmental goals?
b) Imposes a fine and leaves it to government to decide the regulations
4 In the Coase Theorem, social efficiency is a problem because of _________to bargaining, which
are referred to as ____________costs.
b) Impediments; transactions
5 What approach has become an effective means of achieving environmental goals at the least cost to society?
b) Incentives or markets
6 __________ is a set of rights to control a tangible or intangible thing.
a) Property
7. Cap-and-trade systems are also called.
b) tradable permit systems
8 Changing ____________ can dramatically alter the costs of replication of
intellectual creations, as in the case of Napster.
b) Technology
9 Most of the costs of environmental protection are borne by _______?
d) All of the above
10 A _______ may be granted for an invention of any new and useful process,
machine, manufacture, or composition of matter, or any new and useful
improvement thereof.
c) Contract
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