I. Tort liability is based on which of the following?

A. In a civilized society, people do not intentionally injure other people or their property.

B. All people will exercise absolute care in their actions.

C. Deterring potential violators.

D. Proof beyond a reasonable doubt

II. That the federal and state governments share power is based on:

A. federalism

B. the establishment clause.

C. preemption

D. the supremacy clause

III. When a patent expires, the invention is said to be ______ and other may use it without limitation.

A. conditionally restricted

B. in the public domain

C. in the fair use category

D. usable for a license fee

IV. Insiders are prohibited from trading for profit in order to prevent:

A. over-activity in trading in the market.

B. use of the information not available to the public.

C. a shortage of available stock.

D. unfriendly takeovers

V. When an administrative agency is investigating wrongdoing, it may:

A. not obtain any document from other government offices.

B. use subpoena power to obtain reports and documents.

C. not examine any individual under oath.

D. completely freeze operations before a conclusion is reached