Question 1

Porter's Diamond Model of national advantage:

Accepted Answer

A)   claims that the ability of local firms in a country to utilize the country's resources to gain a competitive advantage is based on demand conditions, factor conditions, substitute products, and firm strategy, structure, and rivalry.
B)   links intraindustry trade to relative levels of per capita income.
C)   is not affected by chance.
D)   all of A, B, and C.
E)   two of A, B, and C.F) B) and D)
G) B) and E)

Question 2

China, Mexico, and Japan are the three largest trading partners of the United States, in terms of the total volume of imports and exports.

Accepted Answer

A) True 
 B)False

Question 3

The primary reason for international trade is a lack of natural resources in the developed nations.

Accepted Answer

A) True 
 B)False

Exam 2: International Trade and Foreign Direct Investment

The primary reason for international trade is a lack of natural resources in the developed nations.

Correct Answer
verified

Porter's Diamond Model of national advantage:

Correct Answer
verified

China, Mexico, and Japan are the three largest trading partners of the United States, in terms of the total volume of imports and exports.

Correct Answer
verified

Exam 2: International Trade and Foreign Direct Investment

The primary reason for international trade is a lack of natural resources in the developed nations.

Correct AnswerverifiedShow Answer

Porter's Diamond Model of national advantage:

Correct AnswerverifiedShow Answer

China, Mexico, and Japan are the three largest trading partners of the United States, in terms of the total volume of imports and exports.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified