Which of the following is an empirically supported prediction of the new trade theory?
A. Trade increases the specialization of production within an industry.
B. Nations benefit from trade only when they differ in factor endowments.
C. Government intervention and strategic trade policies are more likely to harm international trade than is free trade.
D. The locus of global production initially switches from the United States to other advanced nations.
E. Comparative advantage arises from differences in productivity and factor endowments.
A
You might also like to view...
Castle, Inc had the following transactions in 2017, its first year of operations
• Issued 20,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $19.00 per share. • Issued 2,000 shares of $200 par value preferred stock at par. • Earned net income of $40,000. • Paid no dividends. At the end of 2017, what is the total amount of paid-in capital? A) $820,000 B) $460,000 C) $380,000 D) $780,000
Value creation investments are the highest in:
A) strategic alliance sales B) transactional sales C) generic sales D) consultative sales E) collaborative sales