________ is the ability of a firm,an industry,or a country to compete in the international marketplace at a stable or rising standard of living.

Question

Quizplus · Accepted Answer

International competitiveness refers to the ability of a firm, industry, or country to compete in the global market while maintaining or increasing its standard of living. It involves factors such as productivity, innovation, quality, and cost-effectiveness that enable a firm or country to achieve a sustainable competitive advantage in international trade. Absolute advantage refers to a country's ability to produce a good or service more efficiently than another country, while extraterritoriality refers to the power of a country to apply its laws and regulations outside its borders. Market competitiveness is a broader term that encompasses both domestic and international competition in a particular market. Therefore, B is the best choice for this question.

________ Is the Ability of a Firm,an Industry,or a Country