A/n ________ Would Be an Example of a Location-Specific Advantage

question 49

Multiple Choice

A/n ________ would be an example of a location-specific advantage for an MNE.

• A)patent
• B)economy of scale
• C)unique source of raw materials
• D)possession of proprietary information

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for implementing the country’s monetary policy and regulating its financial institutions.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable changing while holding others fixed.

Comparative Advantage

In economics, comparative advantage refers to the ability of a country or individual to produce a particular good or service at a lower opportunity cost than its competitors.

Taxi Parts

Components or spares used in the maintenance and repair of taxicabs.