__________________ Service Provider Licenses Specialty Software Paid for on a License

question 43

Short Answer

__________________ service provider licenses specialty software paid for on a license basis or per-use basis or usage-based licensing.

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Definitions:

International Trade

The exchange of goods, services, and capital among various countries and territories, crossing their international borders.

Absolute Advantage

The ability of a country, individual, or group to produce a good or service more efficiently than competitors, using fewer resources.

Microchips

Small semiconductor devices that contain electrical circuits capable of processing data or controlling devices and processes.

Comparative Advantage

A principle of economics that allows an entity to produce a good or perform a service at a lower opportunity cost than its competitors.