According to Porter's diamond, what are factor endowments?
A) The position of a nation regarding the components of production necessary to compete in a given industry
B) The presence or absence of related industries that are internationally competitive
C) The conditions governing how companies are created, organized, and managed and the nature of domestic rivalry
D) The nature of home demand for the industry's product or service
E) The economic and strategic advantages that accrue to early entrants into an industry
Correct Answer:
Verified
Q93: The new trade theory diverts from its
Q100: Which of the following advantages is most
Q102: Describe the shortcomings of the product life-cycle
Q105: Briefly describe the new trade theory.
Q107: Discuss Adam Smith's concept of absolute advantage.
Q109: Which of the following factor endowments would
Q110: Outline the relationship between economies of scale,first-mover
Q113: What is meant by the term free
Q119: Discuss Paul Samuelson's critique of free trade.
Q119: Describe the Leontief paradox.
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