As the Internet Continues to Grow, It Is Safe to Assume

question 53

Multiple Choice

As the Internet continues to grow, it is safe to assume that property rights will

• A) become less difficult to protect.
• B) become more difficult to protect.
• C) become an irrelevancy of the past.
• D) become universally assumable.

---

Definitions:

Objectively Determined

Describes a value or decision made based on factual and unbiased criteria, removing personal feelings or opinions.

Indifference Schedule

An indifference schedule is a table or graph representing combinations of two goods among which a consumer is indifferent, showing how much of one good the consumer is willing to give up to obtain more of the other good.

Willingness

The readiness or inclination of a person to do something or to act in a certain way, often used in economic contexts to discuss willingness to pay.

Marginal Utility

The incremental benefit or satisfaction a buyer obtains from the consumption of one more unit of a good or service.