A Patent Applicant Must Demonstrate That an Invention Is Useful

question 28

True/False

A patent applicant must demonstrate that an invention is useful to receive a patent.

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Definitions:

Misallocation

The inefficient distribution or use of resources in an economy or market.

Domestic Economy

The economy encompassing all economic activities within a country's borders.

Foreign Economies

The economic systems and markets outside of a country's own borders.

Parity Ratio

A measure used to compare the value of one form of a commodity (e.g., agricultural produce) to another, often with respect to trade or exchange rates.