QUESTION Patents, copyrights, and trademarks establish ownership rights over what type of property? A. Intellectual B. Real C. Tangible D. Non-performing E. Stolen ANSWER A Intellectual property refers to property that is the product of intellectual activity, such as computer software, a screenplay, a music score, or the chemical formula for a new drug. […]
QUESTION In Amartya Sen’s view, development is solely an economic process, and not a political process. Indicate whether the statement is true or false. ANSWER FALSE In Amartya Sen’s view, development is not just an economic process, but it is a political one too, and to succeed requires the “democratization” of political communities to […]
QUESTION Which of the following is a typical function of a trademark? A. It marks the sales territory for which individual salespeople are assigned. B. It restrains authors, composers, playwrights, artists, and publishers from trading their creative work. C. It signifies that a country is a member of the World Trade Organization. D. It acts […]
QUESTION The gross national income (GNI) per capita comes much closer to Amartya Sen’s conception of how development should be measured than narrow economic measures such as Human Development Index (HDI). Indicate whether the statement is true or false. ANSWER FALSE The HDI comes much closer to Sen’s conception of how development should be […]
QUESTION Which of the following protects the Nike “Swoosh” logo from being used by any other shoe manufacturer? A. Trademark B. Affidavit C. Patent D. Warrant E. Writ ANSWER A Trademarks are designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products.
QUESTION Economists who argue that innovation and entrepreneurial activity are the engines of long-run economic growth, define innovation broadly to include not just new products but also new processes, new organizations, new organizations, new management practices, and new strategies. Indicate whether the statement is true or false. ANSWER TRUE There is substantial agreement among […]
QUESTION The philosophy behind intellectual property laws is to: A. reward the originator of a new invention, book, musical record, and the like for his or her idea and effort. B. protect consumers from being subjected to business malpractice. C. safeguard a firm and its officers from being responsible for injury, death, or damage caused […]
QUESTION Which of the following terms best defines the relationship between the level of corruption and economic growth rate in a country? A. Directly proportional B. Inversely proportional C. Independent D. Positive correlation E. Zero correlation ANSWER B Economic evidence suggests that high levels of corruption significantly reduce the foreign direct investment, level of […]
QUESTION In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that: A. U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts. B. U.S. companies were involved in bribing U.S. government officials in cases related to major corporate and accounting scandals. C. […]
QUESTION The Republic of Marwa has decided to open its economy to globalization. Which of the following will facilitate this decision of Marwa? A. A strong commitment to communism B. A strong presence of private action in the nation C. Adopting the Contracts for the International Sale of Goods (CIGS) D. Creating a national environment […]
