Which of the following is true regarding Porter's Diamond theory?
A) It predicts that countries should be importing products from those industries where all four components of the diamond are favorable.
B) Porter's theory has been proven to be an accurate predictor of the importing and exporting patterns of countries.
C) It predicts that countries should be exporting products from those industries where all four components of the diamond those areas where the components are not favorable.
D) Porter's theory has not been subjected to detailed empirical testing, so we do not know if it is correct.
Correct Answer:
Verified
Q65: One of the advantages of being the
Q77: Which of the following theories stress the
Q78: Textile industry in a nation is characterized
Q79: Which of the following is the reason
Q80: Which of the following is a major
Q81: Factor endowments refer to the extent to
Q84: Underlying most of the trade theories discussed
Q86: The main tenet of mercantilism is that
Q92: How does the Heckscher-Ohlin theory explain international
Q94: Explain how the theories of trade differ
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents