Intellectual Property ________

question 117

Multiple Choice

Intellectual property ________.

• A)includes land and buildings
• B)includes stocks and bonds and money in the bank
• C)is the intangible product of creative effort
• D)is protected by copyrights and patents
• E)both C and D are correct

---

Definitions:

Minimum-Wage Laws

Legislation that sets the lowest hourly wage rate that an employer can legally pay to workers, aiming to ensure a minimum standard of living for employees.

Surplus Of Labor

The situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market, typically including price ceilings and price floors.

Economists

Professionals who study how goods and services are produced, distributed, and consumed, analyzing economic issues and trends.