Why did country-based trade theories develop? Why did firm-based trade theories develop?
What will be an ideal response?
The first theories of international trade developed with the rise of the great European nation-states during the sixteenth century. Not surprisingly, these early theories focused on the individual country in examining patterns of exports and imports. Firm-based theories developed for three reasons: 1. the growing importance of MNCs in the postwar international economy; 2. the inability of the country-based theories to explain and predict the existence and growth of intraindustry trade, and 3. the failure of Leontief and others to empirically validate the country-based Heckscher-Ohlin theory.
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Which of the following can be categorized as an act of participation in a proceeding?
A. Removing a whistleblower from employment B. Implementing affirmative action measures C. Expressing dissatisfaction over employment casually D. Retaliating against a whistleblower E. Testifying in an investigation
In the context of the product characteristics that can be used to predict and explain the rate of acceptance and diffusion,__________represents the degree of difficulty involved in understanding and using a new product
Fill in the blanks with correct word.