Inventors in Developing Countries Are Usually Unable to Capture the Full

question 20

Multiple Choice

Inventors in developing countries are usually unable to capture the full benefit of their innovations.They therefore tend to devote too few resources to research.Government can address this problem of under-investment in research by:
(i) increasing restrictions on trade
(ii) establishing a patent system to provide inventors with exclusive control over their inventions for a period of time
(iii) subsidising the purchase of technology from other countries.

• A)only (i) is used
• B)only (ii) is used
• C)only (iii) is used
• D)(i), (ii) and (iii) are all used

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Definitions:

Reasonable Means

Methods or actions that are considered fair, sensible, and appropriate under particular circumstances.

Equivalent

Something that is equal in value, function, or meaning to something else, often used in comparisons.

Baseball Cards

Collectible items featuring baseball players, teams, or related themes, often traded or sold amongst enthusiasts and considered valuable based on rarity and condition.

Contract Modifications

Changes made to the terms and conditions of an existing contract, agreed upon by all parties involved.