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.

---

Definitions:

Overtime Cost

The additional expense incurred by employers for work performed by employees beyond their normal working hours, often at a higher pay rate.

Holding Costs

The expenses associated with storing unsold goods or materials, including warehousing, security, and insurance costs.

Aggregate Plan

A production planning strategy that determines the necessary resource capacity to meet expected demand over an intermediate time frame, typically ranging from a few months to a year.

Back Orders

Orders for goods or services that cannot be filled at the current time due to lack of supply.