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1. What is the difference between patents and copyrights?

a. copyrights provide greater benefits that patents

b. copyrights apply to the particular expression of an idea and patents apply to new inventions

c. copyrights last shorter than patents

d. copyrights can be owned by anyone, but patents must be gotten by corporations

2. According to Adam Smith, which human characteristic is responsible for the division of labor:

a. intelligence

b. courage

c. charity

d. the propensity to exchange things

Operation Management, Management Studies

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