Deck 6: Contemporary Challenges to Property Rights

Question 1

Neemix is _______ .

A) a pesticide patented by W.R. Grace
B) an Indian tree
C) a foreign formulation of a pesticide
D) unprofitable

Answer 1

a pesticide patented by W.R. Grace

Question 2

If patent law did not exist, W.R. Grace likely would have_______ .

A) Provided Neemix free of charge
B) Not spent its money researching neem
C) Bought neem trees for transplant to the U.S.
D) Developed Neemix any way

Answer 2

Not spent its money researching neem

Question 3

In Lester C. Thurow's article arguing for a new system of intellectual property rights, he argues that:

A) Patent law is a perfect solution to intellectual property rights.
B) A global system of intellectual property rights is not needed.
C) Laws must be enforceable or they should not be laws.
D) Knowledge should not be patentable.

Answer 3

Laws must be enforceable or they should not be laws.

Question 4

Internet information _______ .

A) is innocuous
B) is always accurate
C) raises no privacy concerns
D) is problematic

Question 5

Employer monitoring of employee computer use_______ .

A) potentially can be an invasion of privacy
B) is always innocuous
C) is exactly the same as listening to employee phone calls
D) becomes more difficult each year

Question 6

Data mining_______ .

A) always involves credit
B) can lead to potentially illegal activities such as redlining
C) does not correlate raw data
D) is used only by mineral resource companies

Question 7

Computers have led to _______ .

A) less data being stored permanently
B) less abuse of private information
C) information gathering on a much greater scale
D) decreased sale of information

Question 8

The Privacy Act of 1974_______ .

A) allows individuals to delete their governmental records
B) hampered the enforcement of some other laws
C) transferred individual privacy rights to the Government
D) restricted governmental data matching

Question 9

The Code of Fair Information Practices_______ .

A) was never adopted
B) is federal law
C) is law in 36 states
D) is effect only in California

Question 10

The European Union requires that member states_______ .

A) fairly process personal data
B) outlaw personal databases
C) allow each individual access to all their personal data
D) permanently store all personal data

Question 11

The commercial insecticide Neemix is based on a natural compound.

Question 12

The neem tree is useful only for its seeds.

Question 13

The natural compound in neem is patented.

Question 14

Neemix has never been patented.

Question 15

FET stands for Foundation on Environmental Trends.

Question 16

WTO stands for World Trade Organization.

Question 17

Our current patent and trademark system was first designed more than 100 years ago.

Question 18

Skills and knowledge present a competitive advantage.

Question 19

TGI stands for Transaction Geared Information.

Question 20

A monopsonist is a buyer that controls a market.