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64.
If Ecuador has an absolute advantage in coffee and Argentina in wheat, then, according to
trade theory
65.
A market situation in which there is a sufficiently large number of well-informed buyers
and sellers of a homogeneous product such that no individual participant has enough
power to determine the price of the product, resulting in a marketplace that is efficient in
production and allocation of products is known as
66.
A country ________ when it decides to use its resources to produce only the product in
which it has an absolute advantage.
67.
A nation having absolute disadvantages in the production of two goods with respect to
another nation has a/an ___________ in the production of the good in which its absolute
disadvantage is less.
68.
According to the theory of comparative advantage
69.
Which of the following statements is not true?
70.
According to trade theory
71.
Theory based on ___________________ states that international and interregional
differences in production costs occur because of differences in the supply of production
factors.
72.
The theory of resource endowment
73.
The theory of overlapping demand
74.
The theory of overlapping demand suggests that
75.
The international product life cycle
76.
According to the international product life cycle
77.
The international product life cycle theory
78.
Economies of scale and the experience curve
79.
Economies of scale
80.
Experience curve
81.
Which of the following elements is included in Porter's diamond model of national
advantage?
82.
Which of the following elements is included in Porter's diamond model of national
advantage?
83.
Which of the following elements is not included in Porter's diamond model of national
advantage?
84.
Porter's diamond model of national advantage
85.
Regarding foreign investment
86.
Which of the following is not true regarding foreign investment?
87.
At the beginning of 2014, the value of the outstanding stock of foreign direct investment of
all nations totaled more than
88.
Firms from __________ had the largest total outstanding stock of direct overseas
investment at the beginning of 2014.
