BUS_1801_Week6_Multiple Choice Exam.docx - Score for this quiz 96 out of 100 Submitted Nov 27 at 1:32pm This attempt took 36 minutes Question 1 4 4 pts

BUS_1801_Week6_Multiple Choice Exam.docx - Score for this...

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Score for this quiz: 96 out of 100 Submitted Nov 27 at 1:32pm This attempt took 36 minutes. Question 1 4 / 4 pts British economist ____ developed a theory of absolute advantage. Correct! Adam Smith Question 2 4 / 4 pts An economic theory that accounts for changes in the patterns of trade over time is known as Correct! Product life cycle theory Question 3 4 / 4 pts Which of the theories assumes perfect resource mobility? Absolute advantage theory Comparative advantage theory Mercantilism theory Correct! All of these answers Question 4 4 / 4 pts Factor endowments were noted by Correct! Heckscher-Ohlin
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Question 5 4 / 4 pts Young domestic firms that need government protection are in the Correct! Infant industry Question 6 4 / 4 pts The national competitive advantage of industries depends on Country factor endowments and firm strategy, structure, and rivalry Domestic demand conditions Related and supporting industries Correct!
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  • DonaldA.Bittar

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