All of the following facts pertain to China except:
A) China is in the upper-middle-income category.
B) China is the largest single destination for foreign investment in the developing world.
C) China is a member of the World Trade Organization.
D) China has sprawling bureaucracy.
E) China has intellectual property rights.
E
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Countries sometimes fear that foreign producers are pricing their exports artificially low. This fear is most likely based on the assumption that ________
A) foreign companies will lack the earnings to repay their foreign debt B) insufficient earnings will be available to improve product technology C) foreign producers will charge exorbitant prices after putting competitors out of business D) developing countries will be unable to maintain critical industries needed in times of war
According to Porter's five forces model, established companies face stronger threats from substitutes if the substitute's ________
A) price is lower B) benefits are different C) switching cost is higher D) functions are different