Consider the following items:
a. the novel "The Girl On The Train" by Paula Hawkins
b. the "The Spirited Shipper," an innovative wine shipping box
c. a Swiss chef's award-winning recipe
d. an original fabric design, for example, the fabric used for "Coach" bags and luggage
Which of the items listed is an example of intellectual property?
A) a and b only B) a, b, and c
C) a and d only D) all of the items listed
D
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Which standard states that "the owner is entitled to receive 'what a willing buyer would pay in cash to a willing seller' at the time of the taking"?
A) the comparable sales method B) just compensation C) fair market value D) the equitable transactions cost method
How do markets for cars use warranties to cope with private information?
What will be an ideal response?
According to the above table, what is the absolute price elasticity of demand when price rises from $5.50 to $6?
A) 4.00 B) 2.23 C) 1.21 D) 0.50
Suppose Q = KaLb, if a + b < 1 the isoquants will be
a. upward sloping. b. progressively closer together at higher quantities. c. progressively further apart at higher quantities. d. equally spaced.