24, A copyright is an intangible right granted by federal statute to the author or originator of certain literary or artistic productions a. b. C. d. Protection lasts for the life of the author plus 70 years. Copyrights owned by publishing houses expire 95 years from the date of publication or 120 years from the date of creation, whichever is first. For works by more than one author, the copyright expires 70 years after the death of the last surviving author. All of the above are correct.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...
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24.
25.
A copyright is an intangible right granted by federal statute to the author or originator of certain literary or artistic
productions
a.
b.
C.
d.
Under the doctrine of the "Fair Use" Exception the reproduction of copyrighted material is permitted without payment
of royalties under the Copyright Act's fair use doctrine. To determine whether a use is fair, courts consider
The purpose of the use and nature of the copyrighted work.
How much of the original is copied and the effect of the use on the market for the copyrighted work.
Both (a) and (b)
Neither (a) nor (b)
a.
b.
C.
d.
Protection lasts for the life of the author plus 70 years.
Copyrights owned by publishing houses expire 95 years from the date of publication or 120 years from
the date of creation, whichever is first.
For works by more than one author, the copyright expires 70 years after the death of the last surviving
author.
All of the above are correct.
26. Which statement is accurate when considering the difference between a patent and a trade secret?
a.
b.
C.
d.
A trade secret is a right, granted by the government, to exclusive use of an invention. As a government
granted right, the details of a trade secret are part of the public cord.
Patents, on the other hand, consist of valuable unique processes, formulas, or ideas that are protected by
virtue of the fact that they are kept confidential.
Both (a) and (b)
Neither (a) nor (b).
Transcribed Image Text:24. 25. A copyright is an intangible right granted by federal statute to the author or originator of certain literary or artistic productions a. b. C. d. Under the doctrine of the "Fair Use" Exception the reproduction of copyrighted material is permitted without payment of royalties under the Copyright Act's fair use doctrine. To determine whether a use is fair, courts consider The purpose of the use and nature of the copyrighted work. How much of the original is copied and the effect of the use on the market for the copyrighted work. Both (a) and (b) Neither (a) nor (b) a. b. C. d. Protection lasts for the life of the author plus 70 years. Copyrights owned by publishing houses expire 95 years from the date of publication or 120 years from the date of creation, whichever is first. For works by more than one author, the copyright expires 70 years after the death of the last surviving author. All of the above are correct. 26. Which statement is accurate when considering the difference between a patent and a trade secret? a. b. C. d. A trade secret is a right, granted by the government, to exclusive use of an invention. As a government granted right, the details of a trade secret are part of the public cord. Patents, on the other hand, consist of valuable unique processes, formulas, or ideas that are protected by virtue of the fact that they are kept confidential. Both (a) and (b) Neither (a) nor (b).
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