Which of the Following Is Not True About the First

question 107

Multiple Choice

Which of the following is not true about the first Patent Act?​

• A)It was passed in 1790.
• B)It gave inventors a fourteen-year monopoly on machinery and processes they had created.​
• C)It was also known as an Act to Promote the Progress of Useful Arts.
• D)It only protected inventions patented inside the United States.
• E)It protected inventions patented outside the United States.

---

Definitions:

Structural Unemployment

People who remain unemployed for long periods of time, often with little hope of finding new jobs like their old ones.

Specialized Knowledge

Expertise or skills focused on a specific branch of study, occupation, or field of endeavor, distinguished by its depth and proficiency.

Cost-Push Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.

Raw Materials

Fundamental materials that are used in the production process to create goods and products.