Which of the Following Is TRUE About the Determinants of National

question 8

Multiple Choice

Which of the following is TRUE about the determinants of national competitive advantage?

• A) The presence of strong competitors in a nation adversely affects national competitive advantage.
• B) The presence of demanding customers pressures firms to innovate faster and produce better products.
• C) Demand conditions describe the nation's position in factors of production, such as labor, natural resources, capital, technology, entrepreneurship, and know-how.
• D) Vigorous competitive rivalry among firms lowers national innovativeness.

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Definitions:

Negative Feedback

A mechanism that reverses a deviation from the set point in biological systems, helping to maintain homeostasis.

Anterior Pituitary

The front portion of the pituitary gland, a pea-sized organ at the base of the brain, which produces and releases several hormones that regulate various bodily functions.

Testosterone

A steroid hormone produced primarily in the testes of males and the ovaries of females, important for the development of male physical characteristics and other biological processes.

Thyroid Hormone

Hormones produced by the thyroid gland that regulate metabolism, energy generation, and overall growth and development.