Intangible assets are often hard to package and sell to foreigners. Consider the following three statements:

I) because foreigners usually default on the contracts that they sign;

II) and as a result, there is more foreign direct investment than there might otherwise be;

III) because property rights in intangible assets are difficult to establish and protect, especially in foreign countries where legal recourse may not be readily available.

Which of the following is correct?

Group of answer choices

none of the others

Both (II) and (III)

Only (II)

Only (III)

Only (I)