Products of the Mind,such as Computer Software,a Screenplay,a Music Score,or

question 75

Multiple Choice

Products of the mind,such as computer software,a screenplay,a music score,or the chemical formula for a new drug,constitute:

• A) assets which receive no protection under law.
• B) non-performing assets.
• C) tangible assets.
• D) an intellectual property.
• E) a real property.

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Definitions:

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Economic Rent

The excess payment made to or income received by a factor of production over what would be needed to keep that factor in its current use.

Wage Rates

The standard amount of compensation individuals receive in exchange for their labor, usually expressed per hour or year.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.