Which of the Following Theories Identifies Specialization as a Reason

question 31

Multiple Choice

Which of the following theories identifies specialization as a reason for international business?

• A) theory of comparative advantage
• B) imperfect markets theory
• C) product cycle theory
• D) None of these are correct.

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Definitions:

Social Learning

The process by which individuals learn behaviors, norms, and values by observing and imitating others, especially those considered to be role models.

Newborns

Infants in their first days and weeks of life, particularly the period immediately following birth.

Preference

The selection of one item, idea, or action over another based on subjective likes or dislikes.

Mother's Voice

The auditory recognition by infants and children of their mother’s voice, which is known for its comforting and bonding effects.