Why Doesn't Canada Grow Its Own Bananas

question 106

Multiple Choice

Why doesn't Canada grow its own bananas?

• A)It is not possible to grow bananas in Canada.
• B)Canada's factor endowments suggest that it can better produce many other goods besides bananas.
• C)It is cheaper to buy bananas from countries that have different factor endowments which are much better suited to growing bananas.
• D)Both b)and c).

Recognize the importance of patents, trademarks, and trade secrets in increasing the expected rate of return on R&D.

Identify the impacts of imitation and innovation diffusion on R&D investments and returns.

Understand how new scientific knowledge contributes to technological advances and its sources.

Grasp the concepts of product and process innovation and their implications for firms and consumers.

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Definitions:

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, characterized by different identities such as heterosexual, homosexual, bisexual, etc.

EEOC

The Equal Employment Opportunity Commission, a U.S. federal agency responsible for enforcing laws against workplace discrimination.

Protected

Safe from harm or injury; often related to ensuring individuals' rights, safety, or well-being are guarded under certain conditions or environments.

Stereotyping

The act of assigning specific characteristics, behaviors, or roles to individuals based solely on their membership in a particular social group.