Do you think a new trade theorist would stress the role of luck and entrepreneurship? Explain.
What will be an ideal response?
Answer: New Trade theorists believe that, in some cases, countries specialize in the production and export of particular products because the world market can only support a limited number of firms. Because of this belief, new trade theorists would stress the role of luck and entrepreneurship in the world market. This is because entrepreneurship is vital to becoming one of the top and only surviving firms in the market and sometimes the smart ideas come purely by luck.
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The return on invested capital generated by a company minus the cost of the capital used in recreating the cash flow best describes
A) economic value added. B) return on investment. C) break-even analysis. D) NPV analysis.
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Indicate whether the statement is true or false