Consider the Following Items: A

question 367

Multiple Choice

Consider the following items: a. the novel The DaVinci Code by Dan Brown
B. the "The Spirited Shipper," an innovative wine shipping box
C. a Swiss chef's award-winning recipe
D. an original fabric design, for example, the fabric used for "Coach" bags and luggage
Which of the items listed is an example of intellectual property?

• A) a and b only
• B) a, b, and c
• C) a and d only
• D) all of the items listed

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Definitions:

Excise Tax

Excise tax is a type of tax charged on specific goods, services, and activities, such as alcohol, tobacco, and fuel, usually to discourage their use or generate revenue.

Consumers' Burden

The part of the incidence of a tax borne by consumers, often reflected in higher prices or reduced consumption of taxed goods.

Efficiency Loss

The reduction in economic productivity that happens when the balance for a product or service is either not attained or unattainable.

Excise Tax

A tax imposed on the sale of specific goods or services, such as tobacco, alcohol, and gasoline, often with the aim of reducing their consumption.