1.Economic theories in favor of integration imply that free trade and investment create ________ for participants....

1.Economic theories in favor of integration imply that free trade and investment create ________ for participants.

a. Increased restrictions on exports

b. A positive sum game

c. More monopolies

d. Increased trade barriers

e. A zero-sum game

2. Which of the following is the focus of Porter's study of national competitive advantage?

a. Identifying the various stages of the life cycle of a product

b. Determining why a country achieves international success in a particular industry

c. Determining how pre-industrialization theories predict international trade patterns

d. Organizing the relationship between factor endowments and economies of scale

e. Determining how trade barriers affect the prices of products in the international market

3. Which of the following is a common measure of economic development in a country?

a. Its gross national income

b. Its population density

c. Its infant mortality rate

d. Its total geographical area

e. Its gender ratio

Solutions

Expert Solution

Rahul Sunny answered 2 months ago

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