Multiple Choice
Dynamic comparative advantage involves
A) industrial policy to create comparative advantage.
B) less governmental involvement in the economy.
C) reduced rules and regulations imposed by foreign governments.
D) accepting and working with existing resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Assume that the United States is relatively
Q37: For the United States, empirical studies indicate
Q38: Industrial processes that add weight or bulk
Q39: Most theories dealing with the principle of
Q40: Intra-industry trade in differentiated products can be
Q42: Most developing countries have pollution-control laws and
Q43: According to the specific-factors theory, resources that
Q44: Which concept explains why countries specialize in
Q45: The product life cycle theory predicts that
Q46: Intra-industry trade can be explained by product