The theory of _____,developed by Michael Porter,focuses on the importance of country factors,in addition to factor endowments,such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
A) new trade
B) absolute advantage
C) comparative advantage
D) national competitive advantage
Correct Answer:
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Q38: Porter's diamond of competitive advantage has proven
Q39: Trade is mutually beneficial,according to new trade
Q40: Factor endowments lie at the center of
Q41: Propagated in the 16th and 17th centuries,_
Q42: Trade produces net gains for all involved
Q44: According to Smith,countries should specialize in the
Q45: This theory explains the observed patterns of
Q46: Free trade:
A)formed the basis for the mercantilist
Q47: According to the theory of _,it makes
Q48: Which theory stresses that in some cases
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