IB ch. 4
standardization
in the ___ phase of international product life cycle theory, knowledge about how to produce the product is widespread and manufacturing becomes straightforward.
Comparative advantage
Even if the United States is more efficient in the production of everything than China, both countries will benefit from their bilateral trade by specializing in what each country can produce relatively more efficiently. This statement is an example of which economic theory?
Factor proportions theory
The ____ rests on the premise that countries differ in the type and quantity of production factors they possess.
National industrial policy
The ______ is one of the three key modern perspectives that helps explain the development of national competitive advantage
The MNE oversees control of foreign operations and ensures product quality
Which of the following is a benefit of internalizing foreign-based value-chain activities?
It is designed to create monetary and fiscal policies, such as low-interest loans, that provide a stable supply of capital for company investment needs.
Which of the following is true about national industrial policy?
The presence of strong competitors in a nation adversely affects national competitive advantage
Which of the following is true about the determinants of national competitive advantage?
Firm-level explanations address the question: "How can internationalizing firms gain and susatin competitive advantage?"
Which of the following is true with regard to firm-level theories?
Despite having abundant capital, the U.S. was exporting labor-intensive goods
Which of the following was the analysis revealed by the "Leontief Paradox"?
