Which of the Following Theories Identifies Specialization as a Reason

question 30

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 the above

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Definitions:

Industry

A sector of the economy that produces goods or provides services.

Watching News

The activity of consuming news content through various media outlets, such as television, newspapers, or online platforms, to stay informed about current events.

Television

An electronic system for transmitting visual images and sound that are reproduced on screens, primarily used for entertainment, information, and education.

Newspaper

A printed publication, usually issued daily or weekly, containing news, articles, advertisements, and other items of general interest.