Economic Espionage Act

Description: This quiz will test your knowledge of the Economic Espionage Act (EEA), a United States federal law that criminalizes the theft of trade secrets.
Number of Questions: 15
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Tags: economic espionage act trade secrets intellectual property
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What is the primary purpose of the Economic Espionage Act?

  1. To protect trade secrets from theft

  2. To promote innovation and economic growth

  3. To regulate the export of sensitive technologies

  4. To prevent unfair competition


Correct Option: A
Explanation:

The EEA was enacted in 1996 to address the growing problem of economic espionage, which was costing U.S. businesses billions of dollars each year.

What is the definition of a trade secret under the EEA?

  1. Any information that is not generally known or accessible to the public

  2. Any information that is valuable to a business and is not publicly available

  3. Any information that is confidential and is used in the operation of a business

  4. All of the above


Correct Option: D
Explanation:

The EEA defines a trade secret as any information that is not generally known or accessible to the public, is valuable to a business, and is confidential.

What are the prohibited activities under the EEA?

  1. Theft of trade secrets

  2. Misappropriation of trade secrets

  3. Unauthorized disclosure of trade secrets

  4. All of the above


Correct Option: D
Explanation:

The EEA prohibits the theft, misappropriation, and unauthorized disclosure of trade secrets.

What are the penalties for violating the EEA?

  1. Fines of up to $5 million

  2. Imprisonment for up to 15 years

  3. Both fines and imprisonment

  4. None of the above


Correct Option: C
Explanation:

Violations of the EEA can result in fines of up to $5 million, imprisonment for up to 15 years, or both.

Who can bring a lawsuit under the EEA?

  1. The U.S. government

  2. Businesses that have been victimized by economic espionage

  3. Both of the above

  4. None of the above


Correct Option: C
Explanation:

Both the U.S. government and businesses that have been victimized by economic espionage can bring lawsuits under the EEA.

What is the statute of limitations for bringing a lawsuit under the EEA?

  1. 3 years

  2. 5 years

  3. 10 years

  4. There is no statute of limitations


Correct Option: C
Explanation:

The statute of limitations for bringing a lawsuit under the EEA is 10 years.

What are some of the defenses to a lawsuit under the EEA?

  1. The defendant did not know that the information was a trade secret

  2. The defendant obtained the information through independent research

  3. The defendant was authorized to use the information

  4. All of the above


Correct Option: D
Explanation:

All of the above are potential defenses to a lawsuit under the EEA.

What are some of the challenges in enforcing the EEA?

  1. The difficulty in defining what constitutes a trade secret

  2. The difficulty in obtaining evidence of economic espionage

  3. The lack of international cooperation in enforcing the EEA

  4. All of the above


Correct Option: D
Explanation:

All of the above are challenges in enforcing the EEA.

What are some of the recent trends in economic espionage?

  1. The increasing use of cyber attacks to steal trade secrets

  2. The growing involvement of foreign governments in economic espionage

  3. The increasing value of trade secrets in the global economy

  4. All of the above


Correct Option: D
Explanation:

All of the above are recent trends in economic espionage.

What are some of the best practices for businesses to protect their trade secrets?

  1. Implement strong security measures to protect against cyber attacks

  2. Educate employees about the importance of protecting trade secrets

  3. Have employees sign non-disclosure agreements

  4. All of the above


Correct Option: D
Explanation:

All of the above are best practices for businesses to protect their trade secrets.

What is the impact of economic espionage on the U.S. economy?

  1. It costs U.S. businesses billions of dollars each year

  2. It leads to job losses

  3. It undermines U.S. competitiveness in the global economy

  4. All of the above


Correct Option: D
Explanation:

All of the above are impacts of economic espionage on the U.S. economy.

What are some of the international agreements that address economic espionage?

  1. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

  2. The World Trade Organization (WTO) Agreement on Trade Secrets

  3. The Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises

  4. All of the above


Correct Option: D
Explanation:

All of the above are international agreements that address economic espionage.

What are some of the challenges in international cooperation in enforcing the EEA?

  1. The lack of a uniform definition of trade secrets

  2. The difficulty in obtaining evidence of economic espionage across borders

  3. The lack of political will to cooperate in enforcing the EEA

  4. All of the above


Correct Option: D
Explanation:

All of the above are challenges in international cooperation in enforcing the EEA.

What are some of the future trends in economic espionage?

  1. The increasing use of artificial intelligence (AI) to steal trade secrets

  2. The growing involvement of non-state actors in economic espionage

  3. The increasing value of data as a trade secret

  4. All of the above


Correct Option: D
Explanation:

All of the above are future trends in economic espionage.

What are some of the best practices for governments to combat economic espionage?

  1. Enact strong laws against economic espionage

  2. Provide law enforcement with the resources to investigate and prosecute economic espionage cases

  3. Cooperate with other countries to enforce the EEA

  4. All of the above


Correct Option: D
Explanation:

All of the above are best practices for governments to combat economic espionage.

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