Wildboards Company Introduces a Product Called a "Rollerboard" for Which

question 1

Multiple Choice

Wildboards Company introduces a product called a "Rollerboard" for which it is granted a registered trademark.The Rollerboard is a snowboard with a removable row of wheels along the center of the underside.With the wheels attached,the user can attain extremely high speed in hard-packed snow conditions.In addition,many users have found that they can use their snowboards on streets with the wheels attached.This new use of snowboards becomes very popular and many competing snowboard makers introduce similar products.The sport becomes known generally as rollerboarding and most people refer to all such wheeled snowboards as rollerboards.The consequence of this is that:

• A) Wildboards cannot stop competitors from using the term "rollerboard" for their products.
• B) Competitors must pay royalties to Wildboards for using the term "rollerboard."
• C) Wildboards can no longer use the name Rollerboard on its boards.
• D) Competitors must put a disclaimer on their boards that they are not the original Rollerboard.

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Definitions:

Keynesians

Followers and theorists of Keynesian economics, which emphasizes the need for government intervention in economies to manage output and demand through fiscal and monetary policies.

Classical School

A school of economic thought that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.

Monetarists

Economists convinced that fluctuations in the money supply play a crucial role in influencing short-term national output and affect price levels over the long term.

Balancing the Budget

The process of adjusting income and expenditure so that they equal each other, resulting in no deficit or surplus.