Multiple Choice
Which of the following is true regarding Porter's diamond theory?
A) It predicts that countries should be importing products from those industries where all four components of the diamond are favorable.
B) Porter's theory has been proven to be an accurate predictor of the importing and exporting patterns of countries.
C) It predicts that countries should be exporting products from those industries where all four components of the diamond are those areas where the components are not favorable.
D) Porter's theory has not been subjected to detailed empirical testing, so we do not know if it is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: New trade theorists stress the role of
Q21: The principle of mercantilism views trade as
Q22: According to Ricardo's theory of comparative advantage,
Q23: Which of the following terms refers to
Q24: Which of the following is a major
Q26: Briefly differentiate between constant returns to specialization
Q27: _ supports the idea that countries should
Q28: Explain how the rivalry within an industry
Q29: How does the Heckscher-Ohlin theory explain international
Q30: Apple's iPhone was unique when it first