James Owns a Software Development Company

question 7

Multiple Choice

James owns a software development company. He toils day- in and day- out to develop new ideas. For James, the laws of intellectual property are useful because

• A) the ideas James develops may be easily reproduced and thus have no natural scarcity of their own.
• B) this legal regime provides him with an incentive to create new ideas.
• C) by rendering the supply of information inadequate, a market for James's ideas is created.
• D) information, once developed, is non- rivalrous, and thus requires special protection.
• E) all of the above

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Definitions:

Pigs

Domesticated animals of the genus Sus, often farmed for their meat, known as pork, and have a significant role in various cultural contexts.

Sheep

Domesticated ruminant animals, bred for their wool, meat, and milk, known scientifically as Ovis aries.

Cattle

Domesticated bovine animals kept for their meat (beef and veal), milk, or hides, or used as work animals worldwide.

Intensive Agriculture

Farming practices that maximize productivity per unit of land through the use of technologies, irrigation, fertilizers, and pesticides.