One Way That Developed Countries Specialize in Order to Gain

question 48

Multiple Choice

One way that developed countries specialize in order to gain acquired advantages is by ________.

• A)allocating research efforts more heavily in specific sectors
• B)emphasizing production in natural resource endowments
• C)restricting imports to those in the service sector
• D)subsidizing the transport of exports

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Definitions:

Global Reporting Initiative

An international organization that helps businesses and governments understand and communicate their impact on issues such as climate change, human rights, and corruption.

Sustainability Reporting

The practice of disclosing an organization's environmental, social, and governance (ESG) performance to stakeholders.

Performance Incentive Structure

A compensation system that rewards employees based on their achievement of specific performance targets.

Universal Standards

Principles or criteria that are globally accepted and applied across various industries, fields, or disciplines to ensure consistency, quality, and effectiveness.