Which of the following is a method by which a poor country might import technological change without having to incur the heavy expense of research and development (not to mention human and physical capital formation)out of its own saving?
A)Copy modern products made in rich countries.
B)Purchase imported machinery that embodies the latest technology.
C)Obtain investment by foreign firms.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the options mentioned are methods that a poor country could potentially use to import technological change without having to heavily invest in research and development.

Option A - copying modern products made in rich countries - is one way to gain access to new technology without having to invest in costly research and development.

Option B - purchasing imported machinery that embodies the latest technology - is another way to import new technology, as it allows a country to gain access to already-developed technology without having to invest in developing it from scratch.

Option C - obtaining investment by foreign firms - is yet another way for a poor country to access new technology, as foreign firms may bring with them technological innovations that they have developed in their home countries. This can also lead to technology transfer through partnerships and collaborations between foreign firms and local companies or research institutions.

Therefore, the best choice is D, as all of these options can potentially help a country to import technological change without having to incur the heavy expense of research and development.

Which of the Following Is a Method by Which a Poor