Multiple Choice
Japan's fading success in the electronics industry can be explained by all of the following EXCEPT
A) the appreciation of the yen's exchange value.
B) lack of product innovation.
C) failure to use economies of large-scale production.
D) failure to recognize changing patterns of comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: According to the product life cycle theory,
Q52: The Leontief paradox<br>A) supported the factor-endowment theory.<br>B)
Q53: A product will be traded only if
Q54: According to the factor-endowment theory, international specialization
Q55: The theory of overlapping demands contends that
Q57: Fears about the downward pressure that low-skilled
Q58: If tastes and preferences are identical for
Q59: Which trade theory suggests that a newly
Q60: The product-life-cycle theory applies best to trade
Q61: Economists David Autor, David Dorn, and Gordon