The diamond of national advantage would be best used to answer which of the following questions?
A) How do developed countries prevent the trade of blood diamonds?
B) How can developing countries create a significant trade surplus?
C) Why do specialized competitive advantages differ among countries?
D) Why do most innovative products originate in developed countries?
Question 2
According to the diamond of national advantage theory, the domestic existence of all four conditions best explains ________.
A) the essence of an industry's development
B) the position of a product in its life cycle
C) where globally competitive firms develop and sustain themselves
D) why countries rely on abundant factor endowments
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