Spencer and Brander's Model Highlights the Existence of

question 42

Multiple Choice

Spencer and Brander's model highlights the existence of

• A) aircraft industries.
• B) excess returns present in highly competitive markets.
• C) excess returns, or rents, available in non-competitive markets.
• D) the futility of government bureaucrats' attempts to build an airplane.
• E) natural advantages in foreign technology firms.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity and is often referred to as the "fight or flight" system.

Central

Central refers to something that is of primary importance or located at the middle or core of something.

Somatic

Relating to or affecting the body, especially as distinguished from the mind or consciousness.

Parasympathetic

Pertaining to the part of the autonomic nervous system that conserves physical resources and slows down heart rate.