Many Technology Owners Have Avoided Introducing Technology or Technological Products

question 52

Multiple Choice

Many technology owners have avoided introducing technology or technological products into Brazil because:

• A) the market has been too weak to support these high-tech products.
• B) technology transfer agreements have been interpreted under Brazilian law so that the original owner loses many rights in the technology.
• C) Brazilian taxes on the introduction of technology into the country have been prohibitively high.
• D) spies and foreign agents have been stealing the technology and selling it to the communist countries.

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Definitions:

Substitute Good

A product or service that satisfies the need of a consumer that another product or service fulfills.

Important Resource

A crucial element or input required for the production process or societal functioning.

Immigration

The action of coming to live permanently in a foreign country.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.