Refer to Scenario 7.5. A yearly normal return for your company is

A) $25,000.
B) $35,000.
C) $45,000.
D) $70,000.

Farm programs such as those of the United States and the European Union cause a misallocation of international agricultural resources primarily because

A) they distort domestic and world agricultural prices.
B) they inhibit technological progress in agriculture.
C) production and trade occur on the basis of comparative advantage.
D) price supports are set below market-clearing levels.

Computer students who watched their teachers go out on strike were amazed when they heard about the difficult logistics required in such an operation. Two students spent two nights and two days developing an app for organizing a strike and picket line. It included such variables as legal requirements, number of sites, number of picketers, communications network, shifts, media contacts, etc. The students called their app "Picket Progress." The students took their package - code and manual - to a computer developer/publisher, Mr. Lacs, to discuss the feasibility of marketing the app. Lacs said it was feasible. However, negotiations, which had lasted over a two week period, broke down when Lacs rejected the students' terms in their licensing agreement. Three months later, the students learned that Lacs developed and published an app called "Picketers' Path" based on their ideas, with a manual that they recognized as theirs. On these facts, which of the following is true?

A) With regard to the app, Lacs could not be sued for misuse of a trade secret because the students only told him their idea and ideas cannot be protected by trade secret law.
B) Because there was no non-disclosure agreement signed by Lacs, he cannot be sued for misuse of a trade secret.
C) The students' manual was not protected by copyright, because they had not yet applied for protection under the Copyright Act.
D) The students could sue for breach of trade secret law if they can show it was apparent in the circumstances that Lacs was being trusted with confidential information.
E) The students cannot protect the app under the law of trade secrets because all the information it contained could be obtained by others, e.g., the law from the library, the necessities of picketers from observation or unions, etc.

Using an induction to create logical appeal in a persuasive message involves ________.

A) working from a generalization to a specific conclusion
B) working from specific evidence to a general conclusion
C) presenting a specific problem and offering a solution
D) reasoning from specific evidence to specific evidence

Establishing the relevant product market is a key issue in monopolization cases because the way a market is defined can determine whether a firm has monopoly power.