Which trade theory is best at explaining trade in differentiated goods?
What will be an ideal response?
Linder's country similarity theory argues that trade in manufactured goods should occur primarily between countries with similar levels of economic development. The theory is especially useful for explaining trade in differentiated goods where brand names and product reputations are important in the purchase decision.
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Net income under absorption costing is gross profit less
a. cost of goods sold. b. fixed manufacturing overhead and fixed selling and administrative expenses. c. fixed manufacturing overhead and variable manufacturing overhead. d. variable selling and administrative expenses and fixed selling and administrative expenses
The following are actions that the FDA can take in regulating cosmetics except:
A) Removing from commerce cosmetics that contain unsubstantiated claims of growing hair. B) Prohibiting the distribution of misbranded cosmetics. C) Ordering sellers of ineffective products to provide purchasers with effective substitute. D) Requiring proper labeling.