The diamond of national advantage would be best used to answer which of the following questions?
A)How do developed countries prevent the trade of blood diamonds?
B)How can developing countries create a significant trade surplus?
C)Why do specialized competitive advantages differ among countries?
D)Why do most innovative products originate in developed countries?

Question

Quizplus · Accepted Answer

The diamond of national advantage is a framework used to explain why certain industries or sectors may be more successful in certain countries based on four factors: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry. It can provide an understanding of why specialized competitive advantages differ among countries, making option C the best fit for this framework. Option A is more related to ethical considerations in the diamond industry, while option B and D do not necessarily require the framework of the diamond of national advantage to answer.

The Diamond of National Advantage Would Be Best Used to Answer