101. According to the new trade theory, trade, through its impact on economies of scale, is
most likely to:
102. Which of the following is true of a world without trade that has industries where
economies of scale are important?
103. Which of the following is a result of certain products having small national markets, in the
absence of trade?
104. According to the new trade theory, which of the following is most likely to be a result
of market expansion due to trade?
105. According to the new trade theory, how does trade offer an opportunity for mutual gain
when countries do not differ in their resource endowments or technology?
106. According to the new trade theory:
107. The economic and strategic advantages that accrue to early entrants in an industry are
called:
108. Which of the following advantages is most likely to be enjoyed by a company as a part of
the first-mover advantages?
109. One of the suggestions of the new trade theory is that:
110. Which of the following creates a barrier to subsequent entries in an industry dominated
by first movers?
111. The new trade theory is at variance with the _____ theory, which suggests that a country
will predominate in the export of a product when it is particularly well endowed with those factors
used intensively in its manufacture.
112. Which of the following is an empirically supported prediction of the new trade theory?
113. Which of the following theories generates for government intervention and strategic trade
policy?
114. The new trade theory diverts from its advocacy of free trade by:
115. Which of the following was being determined by the research that led to the development
of the theory of national competitive advantage?
116. Which of the following formed the crux of Porter’s 1990 study of national competitive
advantage?
117. Which of the following is a component of Porter’s diamond?
118. According to Porter’s diamond, what are factor endowments?
119. Which of the following is true of the four attributes that make Porter’s diamond?
120. Which of the following is one of the four factors included in Porter’s diamond?