Author Question: One problem associated with intellectual property is that a. only one person can use it at a time ... (Read 61 times)

Kikoku · **on:** Jun 30, 2018

One problem associated with intellectual property is that
a. only one person can use it at a time
b. the patent system reduces incentives to create new intellectual property
c. the cost of producing it usually exceeds the benefit
d. encryption software creates monopoly power
e. the original producer has difficulty preventing non-paying beneficiaries from consuming the property

Question 2

Which of the following is not true of the statistical discrepancy in the balance of payments?
a. It is residual.
b. It is a measure of net error in the balance of payments data.
c. It is necessary because some transactions go unreported.
d. An excess of credits in all other accounts must be offset by equivalent debits in the statistical discrepancy account.
e. A difference between credits and debits is taken care of by changes in the official reserve transaction account.