In the Context of "Knowledge" Economy of the Twenty-First Century,which

question 46

Multiple Choice

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

• A)Intellectual property has become an increasingly important source of economic value for businesses.
• B)Protecting intellectual property has become increasingly easy in the twenty-first century.
• C)Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things.
• D)Firms always choose to stay out of countries where intellectual property laws are strict.
• E)Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents.

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Definitions:

Robert Merton

An influential sociologist known for his theories on social structure, anomie, and the self-fulfilling prophecy.

Sigmund Freud

Austrian neurologist known as the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Robert Cialdini

A psychologist known for his work on persuasion, compliance, and negotiation.

Correspondence Bias

The tendency to attribute a person's behavior too much to their personality and too little to the situation they are in.