Question

1. Which is a relying social device of an economic system:

a. economy

b. commands

c. GDP

d. free trade

2. Free markets protect right to freedom and right to:

a. a happy life

b. a life with decency

c. advancement

d. private property

3. Under the law of the United States, if a person authors a literary text, this text is considered the person’s property even without a:

a. copyright

b. book deal

c. proof of similarity

d. retainer

Answer 1

Ans 1. Free trade- is the social device of an exonomic system where there is complete freedom to all individuals to carry out their activities without any restrictions or regulations.

Ans. 2. Advancement- free market is a situation where the market forces of supply and demand are free without any interference of the Government. Hence there is right to freedom and advancement.

Ans. 3. Copyright - it is an Intellectual Property Right which is alloted to all the literary works that protects the authors from any discrepancies with their creations.