One Difference Between Patents and Trademarks Is That _______________________

question 36

Multiple Choice

One difference between patents and trademarks is that _______________________.

• A) patents are applied globally whereas trademarks must be registered in each country in which they will be used
• B) trademarks can be protected in multiple countries by various IP treaties and agreements, but not patents
• C) trademarks can be renewed forever as long as they are being used
• D) patents are not considered intellectual property

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Definitions:

Economists

Professionals who study the production, distribution, and consumption of goods and services, focusing on how individuals, groups, and societies use their resources to meet their needs and wants.

Production Possibilities Frontier

An outline that conveys the peak output possibilities for two products, relying on a compilation of inputs that incorporate resources and other factors.

Mobile Phones

Portable electronic devices that allow users to make voice calls, send text messages, and access various multimedia and internet services.

Economists

Professionals who study the production, distribution, and consumption of goods and services, focusing on factors that influence economic decision-making.