ANSWERS ALL CORRECT
Which of the following characteristics of international property protection would NOT
directly affect the incentives of potential innovators/inventors? - Answer-The number of
applications for IP protection that a particular government agency reviews in a given
year.
Which of the following is NOT a function of trademarks? - Answer-To protect terms that
may become generic
Courts consider the following when determining trademark infringement: - Answer-All of
these answers (the defendant's intent in selecting its mark, relatedness of goods
produced, similarity of the marks)
Which one of the following is a trademark that has never been considered by the courts
as so generic as to lose the protection of trademark law? - Answer-Kodak
Which of the following is NOT a way that copyright protection is limited? - Answer-
Libraries and researchers are broadly excepted from all copyright restrictions
Which of the following forms of intellectual property protections is viewed as the
strongest in the US legal system? - Answer-Patent
According to the article by Rivard entitled "No More Double Spending," the reason that
students are spending hundreds of thousand dollars extra is: - Answer-Faculty and
students are often unaware of what is already available to them for free.
Referencing trade with other countries, Adam Smith suggests that countries: - Answer-
Purchase goods from another country if that country can supply the goods at a lower
cost
According to Adam Smith, the greatest improvement in the productive powers of labor
come from: - Answer-the division of labor
According to the Economist blog, "What disruptive innovation means", which of the
following is the definition of disruptive innovation? - Answer-innovations that create new
markets by discovering new categories of customers