The Expectation of a Future Increase in the Price of Gasoline

question 7

Multiple Choice

The expectation of a future increase in the price of gasoline is likely to

• A)make gasoline an inferior good.
• B)increase gasoline demand now.
• C)increase the supply of gasoline now.
• D)decrease gasoline demand now.

Understand the legal implications and applicability of e-signatures and electronic contracts under laws like the E-SIGN Act and UETA.

Recognize the importance of trademarks, trade names, and copyrights to businesses and how they are legally protected.

Discern the characteristics and enforceability of online contracts, including click-on, shrink-wrap, and browse-wrap agreements.

Understand the exclusive rights provided by patents and the exclusions to what can be copyrighted.

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Definitions:

Intangible Assets

Intangible assets are non-physical assets having value due to their intellectual or contractual rights and may include patents, trademarks, and goodwill.

Trademarks

Symbols, names, phrases, or logos registered or established by use as representing a company or product.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing future economic benefits.

Allocation

The distribution of a cost or expense across multiple departments, projects, or activities based on a predetermined criterion.