Intellectual Property Consists of Creations of the Mind or the Intangible

question 48

True/False

Intellectual property consists of creations of the mind or the intangible property that results from thought.

---

Definitions:

Corn Chips

Snack food made from cornmeal fried or baked in oil, often seasoned, known for their crunchiness and popular as a party snack.

French Fries

Sliced potatoes that are deep-fried until golden brown and are often served as a side dish.

Goods X

An unspecified product or commodity that is the subject of economic analysis or transaction.

Goods Y

A reference to a particular class or type of goods, often used in economic models.