UNC Conboy

An International trade supposition, grounded In the hammer of Adam metalworker and David Richard, that focuses on the Importance of comparative advantage get downed through differences in natural or acquired economic advantages is referred to as a. Classical trade theory b. Factor counterweight theory c. Product life cycle theory d. Competitive advantage theory 2. Paul Germans realist perspective embraces which of the following conclusions a. Countries compete with each other a great deal like companies compete with each other ND must therefore engage in similar strategic behaviors b.Government intervention in the market Is ofttimes essential due to imperfections that allow for the formation of monopolies and oligopolies In lucrative Industry segments c. Economic growth In one country must come at the expense of economic growth in another, therefore countries must protect municipal Industry in many instances d. Market imperfections due in circumstance exist, but the prospects f or improving the situation through strategic trade policy is overstated by those in favor of government intervention 3.Cluster theory suggests that companies obtain resources as a result of geographic proximity to other related and supportive Industries primarily as a result of a. Information spillovers b. Lower merchant marine costs c. Region specific subsidies d. Access to a common labor pools 4. A theory of Internationalization, observed In the wine Industry In the appoint readings, that focuses on the development of relationships between producers, suppliers, competitors, and government to obtain information and resources necessary to complete globally is referred to as a. Pascal instance b. Network model .Innovation model d. Leverage model 5. Michael Porters Diamond Model focuses on all of the following, EXCEPT a. The Importance of International argument to drive technological Innovation b. C. Sophisticated house servant demand that encourages new product and service develo pment d. The presence of related and supportive industries in the domestic market 6. Mercantilism refers to policies and practices designed to a. Encourage supranational trade through the creation of innovative products and services b. Remove regulatory and economic barriers to international competition c.Create a trade surplus by subsidizing domestic firms and limiting foreign competition d. Discourage all international trade to promote national independence and self- sufficiency 7. An international trade theory, grounded in the work of Wassail Limonite, that focuses on trade cycles emerging from production initially by a parent company, then by a foreign subsidiary, and ultimately by foreign competitors is referred to as a. Classical trade theory d. Competitive advantage theory 8. Advocates of Porters Diamond Model believe governments should support mommies industries by engaging in which of the following activities a.Subordination of industries of national importance to improve their competitive position b. Imposition of barriers to prevent foreign competitors from entering domestic markets c. Provision of supportive public floor and education needed to support emerging industries d. The government should play no role in supporting or developing domestic industries 9. Cluster theory focuses primarily on the creation of competitive advantage through a. Ongoing investment in research and development to encourage innovation b.Intense price competition designed to bring down the cost of products and services c. Transportation costs associated with bringing goods and services to market d. Interactions between geographic concentrations of interconnected companies 10. The case determine of wine clusters indicates that firms in this industry located in both Brazil and France have effectively leveraged which of the following cluster resources to facilitate the internationalization process a. inexpensive input costs b. Regional reputation and culture c. Manufactu ring expertise d. Labor spillovers