Companies from the Nation of Moldavia Are More Efficient in the Production

question 69

Multiple Choice

Companies from the nation of Moldavia are more efficient in the production of certain types of apparel, while companies from the United States are more efficient in the production of certain types of computers. Which economic theory predicts that capital would move to Moldavia to be invested there in the apparel industry and to the United States to be invested in its computer companies?

• A)rapid specialization theory
• B)investor collectivism theory
• C)free-trade doctrine
• D)investor individualism doctrine

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Definitions:

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Total Institutions

Places where people are separated from the rest of society and controlled by the staff of the institution, often including prisons, military bases, and psychiatric hospitals.

Authority

The legitimate or socially accepted use of power, often conferred by a position in a hierarchical structure.

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A sociological perspective that interprets each part of society in terms of how it contributes to the stability and functioning of the whole society.