Author Question: Which of the following is an argument offered by the new trade theory? A) It is in line with the ... (Read 64 times)

waynest · **on:** Jul 7, 2018

Which of the following is an argument offered by the new trade theory?

A) It is in line with the factor proportions theory.
B) There are gains to be made from specialization and increasing economies of scale.
C) The companies first to market forgo the opportunities to create barriers to entry.
D) Market forces alone play a role in assisting the home companies in a country.

Question 2

According to Hofstede's framework, cultures that score high on ________ value respect for tradition, thrift, and perseverance, and have strong work ethics.

A) power distance
B) masculinity
C) uncertainty avoidance
D) long-term orientation