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1) Which of the following is an important purpose of intellectual property rights? A) To advance the public good by encouraging invention B) To prevent

1)

Which of the following is an important purpose of intellectual property rights?

A) To advance the public good by encouraging invention

B) To prevent others from ever copying an inventor's product

C) To promote capitalism and make inventors rich

D) To encourage inventors to form monopolies

2)

Select the statement that is true of consumer law prior to the 20th century.

A) It essentially functioned in the same way as current products liability law.

B) It relied primarily on the threat of litigation to ensure product safety.

C) Its central tenet was "seller beware."

D) It was rooted in the fact that consumers had much more direct contact with producers than they do now.

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