Chapter 4 Multiple choice questions

Chapter 4 Multiple choice questions

Quiz Content

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. Which theory explains that a country can export a product to other countries even though it cannot produce the product cheaply and efficiently?

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. Which firms are unlikely to lose from international trade?

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. Which of the following explains why firms in developed economies can compete in foreign markets without the possession of natural resource in its home country?

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. Which of the following can increase the firm's competitive advantage in the international trade?

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. Why does the country that has rich natural resource can become less competitive in international trade?

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. Product cycle model explains:

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. Compared to Ricardo's model, what is the main contribution Porter's diamond provides?

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. Which of the following is not the reason a country applies trade protections?

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. What is intra-firm trade?

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. Which of the following is correct?

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