Proponents of ____ maintain that government should enact polices that encourage the decelopment of emerging, "sunrise" industries.
A. Productlifecyclepolicy
B. Staticcomparativeadvantagepolicy
C. Intra-industrytradepolicy
D. Industrialpolicy
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Legislationrequiringdomestic manufacturers to install pollution abatement equipment tends to promote:
A. Higherproductioncosts and an increase in output
B. Higherproductioncostsand a decrease in output
C. Lowerproduction costs and an increase in output
D. Lowerproductioncostsand a decrease in output
Stringentgovernmentalregulations (e.g. air quality standars) imposed on domestic steel manufacturers tend to:
A. Enhancetheircompetitiveness in the international market
B. Detractfromtheircompetitivenessin the international market
C. Increasetheprofitabilityand productivity of domestic manufacturers
D. Reducethemarketshareof foreign firms selling steel in the domestic market
Among the determinants underlying a country's international competitiveness in business services (e.g., construction) are:
A. The potential scale economies afforded by a market's size
B. Abundance of equipment including data processing facilities and computers
C. Skills and capabilities of employees and their wage rates
D. All of the above
The simultaneous import and export of computers by Germany is an example of:
A. Intra-industry trade
B. Inter-industry trade
C. Perfect competition
D. Imperfect competition
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