Which of the Following Was a Pervasive Finding of Porter's

question 90

Multiple Choice

Which of the following was a pervasive finding of Porter's study?

• A)Successful industries within a country tend to be grouped into clusters of related industries.
• B)Trade increases the specialization of production within an industry.
• C)The pattern of trade we observe in the world economy may be the result of first-mover advantages.
• D)Purchasing power parity of a country determines its demand conditions.
• E)Differences in technology may lead to differences in productivity,which in turn,drives international trade patterns.

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Definitions:

Transactions

The act of conducting business or other dealings between parties whereby goods, services, or something of value is exchanged.

Depositary Bank

A financial institution that holds and manages the securities of a company, facilitating the exchange of securities and ensuring compliance with the regulations.

Check Collection

The process where banks handle checks from the moment they are deposited until the funds are credited to the depositor's account and debited from the check writer's account.

Payment

The act of giving money or other compensation to settle a debt or obligation.