Foreign residents can benefit from U.S. research and development activity because
A) they ignore U.S. patent laws and steal the technology.
B) they can import the goods, obtaining inputs at lower cost than they would otherwise.
C) countries usually share patented ideas.
D) patents do a poor job of protecting the inventor.

Question

Quizplus · Accepted Answer

Foreign residents can benefit from lower-cost inputs due to U.S. research and development activity when importing goods. However, ignoring U.S. patent laws and stealing technology is illegal, and countries do not necessarily share patented ideas. While patents may have their limitations in protecting inventors, this is not a direct way in which foreign residents benefit from U.S. research and development.

Foreign Residents Can Benefit from U