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
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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
Linder's theory of overlapping demand provides an explanation of:
A. Product life cycle theory
B. Factor endowment model
C. Economies of large-scale production
D. Intra-industry trade
Intra-industry trade can be explained in part by:
Adam Smith's principle of absolute advantage
B. Perfect competition in product markets
C. Diseconomies of large scale production
D. Transportation costs between and within nations
The Leontief paradox provided:
A. Support for the principle of absolute advantage
B. Support for the factor endowment model
C. Evidence against the factor endowment model
D. Evidence against the principle of absolute advantage