Stricter laws and regulations to protect intellectual property rights
A)will help to create a more successful market system.
B)will only benefit those companies whose intellectual property rights have in the past been ignored.
C)will tend to have little impact on an economy since intellectual property is not tangible.
D)will create a stronger and more successful black market for intellectual property.

Question

Quizplus · Accepted Answer

Stricter laws and regulations to protect intellectual property rights can encourage innovation and creativity by providing greater incentives and rewards for those who invest in research and development. This can result in a more successful market system overall.

Answer: B
 While stricter IP laws may benefit companies whose intellectual property rights have been ignored in the past, it can also benefit all other companies by promoting a more equal playing field and reducing the risk of infringement.

Answer: C
 Intellectual property may not be tangible, but it has real economic value and can impact the economy in various ways, including through innovation, employment, and trade.

Answer: D
 Stricter IP laws may make it more difficult for black market operators to profit off of stolen or counterfeit intellectual property, reducing the incentive for black market activity.

Stricter Laws and Regulations to Protect Intellectual Property Rights