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 abundant 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.

Question

Quizplus · Accepted Answer

The advanced technologies of the industrialized nations are often based on relatively expensive labor and relatively abundant capital, which can make it difficult to transfer them to developing countries where labor is cheaper and capital is scarcer. This can make it challenging for DVCs to adopt these technologies and compete with IACs in global markets. Other factors, such as resource endowments and patent laws, may also play a role, but A is the most accurate answer in this context.

It Is Sometimes Diﬃcult to Transfer the Advanced Technologies of the Industrialized