Monday, April 14, 2014

Intellectual Property

April 14th, 20134

1) Passed back quizzes/homework
2) Review Quizzes
3) Intellectual Property: Patents, Trade Secrets and Logos
3) Positive Externalities and Technology
Homework: Read the excerpt from The Instant Economist and answer the following questions:


1.How is innovation an example of a positive externality?
2.What  does the term “appropriability” mean?
3.What does the Constitution: Article 1, Section 8 say regarding intellectual property?
4.How many trademarks are registered in the US?
5.What is one of the most famous trade secrets in the US?
6.What type of monopolies are created as a result of intellectual property rights?
7.What did Eli Whitney create and what was the problem with his patent?
8.How many patents are granted each year in the US?
9.What company is associated with “Patent Thickets”?
10.What is the economic goal of economic innovation? 

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