Question 13 5 out of 5 points labor and production

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Question 13 5 out of 5 pointsLabor and production costs are typically higher in less developed nations.
Question 14 5 out of 5 pointsThe application of any WTO rule assumes that developing nations will not change and comply increasingly with time.
Question 15 5 out of 5 pointsIf domestic ownership of foreign assets increases faster than foreign ownership of domestic assets, then the country has a capital account deficit.
Question 16 5 out of 5 pointsComparative Advantage Theory assumes that the (1) factors of production are immobile, (2) goods aremobile, and (3) technology is stable and ubiquitous.
Question 17 5 out of 5 pointsThe presupposition of Absolute Advantage and Comparative Advantage is that differences in (__________) determine patterns of international trade.
Question 18 5 out of 5 pointsTariffs are the foundation for a common understanding of the rules governing trade.
Question 19 5 out of 5 pointsPorter’s Diamond has four determinants that indicate the level of competitiveness of a national industry. Which of the following are NOT one of the four?
Question 20 0 out of 5 pointsUsually calculated on a yearly basis, the (____________) acts as a gauge to track the coming and going of international trade dollars.
Monday, February 3, 2020 12:44:17 AM EST

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