Which of the Following Theories Identifies the Nontransferability of Resources

question 40

Multiple Choice

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

• A)theory of comparative advantage
• B)imperfect markets theory
• C)product cycle theory
• D)none of the above

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Definitions:

Industrial Union

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.

Air Traffic Controllers

Professionals responsible for directing the safe movement of aircraft on the ground and through controlled airspace.

Steel Workers

Individuals involved in the production and fabrication of steel, including workers in steel mills and foundries.

Job Security

The probability that an individual will keep their job; a high level of job security implies a low likelihood of losing one's job.