Multiple Choice
The _____ theory is based on the assumption that the wealth of the world is fixed.
A) product life cycle
B) mercantilism
C) strategic trade
D) national competitive advantage of industries
Correct Answer:
Verified
Correct Answer:
Verified
Q3: The theory of national competitive advantage of
Q4: _ are government payments to domestic firms.<br>A) Tariffs <br>B) Subsidies <br>C) Quotas <br>D) Trade
Q5: Economist Adam Smith proposed the theory of
Q6: Which of the following is true of
Q7: The _ theory advocates government intervention in
Q9: Which theory suggests that nations will develop
Q10: Import quotas are a type of _.<br>A) tariff
Q11: The infant industry argument demands lesser government
Q12: The _ principle advocated that governments should
Q13: Environmental and social responsibility can be used