Which trade theory predicts that countries with similar preferences and technologies but dissimilar factor endowments will experience potential gains from trade?
a. specific-factors theory
b. Stolper-Samuelson theorem
c. Linder's theory
d. Heckscher-Ohlin theory
d. Heckscher-Ohlin theory
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Which question is a concern of modern trade theory?
a. What constitutes the basis for trade? b. What is the basis for direction of trade? c. What are the gains from trade regarding products exchanged in the world market? d. What are the potential gains from trade for the world as a whole?
Knowing the number of imports to a specific country gives a firm a complete measure of market potential.
Answer the following statement true (T) or false (F)
IT evolution can be described using the four traditional areas of:
A) hardware, applications, operating systems and communication. B) software, hardware, communication and telecommunications. C) software, telecommunications, internet and hardware. D) hardware, software, data, and communication.
______________________________involves the contracting out of a business process to another party.
Fill in the blank(s) with the appropriate word(s).