When Individuals Buy a Computer Program, They Buy a License

question 53

Multiple Choice

When individuals buy a computer program, they buy a license to ________.

• A) convert the program into open source software
• B) modify the features of the program
• C) use the program
• D) sell the program

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Definitions:

Comparative Advantage Theory

This theory suggests that countries should specialize in producing and exporting goods in which they have a lower opportunity cost than their trade partners.

Import

The practice of acquiring goods or services from outside a nation's borders for resale purposes.

Agricultural Goods

Products derived from agriculture, including crops and livestock, used for food, fuel, feed, and fiber.

Heckscher-Ohlin Theorem

An economic theory stating that countries export what they can most efficiently and abundantly produce, based on their factor endowments of labor and capital.