Author Question: According to the Comparative Advantage theory, a country focuses on what it is good at and it has ... (Read 20 times)

Tirant22 · **on:** Sep 11, 2018

According to the Comparative Advantage theory, a country focuses on what it is good at and it has relative advantages on. Therefore, it creates _______________ and _________.

a. International division of labor, labor specialization
b. International division of capital, labor specialization
c. International division of labor, labor consolidation
d. International division of capital, labor consolidation

Question 2

Which of the following theories explains the statement if a firm has a strong sense of identity as an America's manufacturer,' it will more likely to decide to make products domestically rather than source from foreign countries?

a. Critical theory
b. Resource dependence theory
c. Socio-cognitive theory
d. Competitive advantage theory