It Is Sometimes Difficult to Transfer the Advanced Technologies of the Industrialized

question 30

Multiple Choice

It is sometimes difficult to transfer the advanced technologies of the industrialized nations to the DVCs because

• A) the technologies of the IACs are frequently based on relatively expensive labor and relatively cheap capital.
• B) the resource endowments of the IACs and the DVCs are highly similar.
• C) international patent laws prohibit such transfers.
• D) the technologies of the IACs are frequently based on relatively cheap labor and relatively expensive capital.

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Definitions:

Express Warranty

A clear and definitive promise or guarantee made by a seller regarding the quality or functionality of a product.

Statute of Limitations

A legal rule determining the furthest limit in time to begin legal procedures after an occurrence.

Statute of Limitations

A regulation specifying the latest allowable date to initiate legal proceedings after a specific event.

UCC

Short for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.