Which Theory Stresses That in Some Cases Countries Specialize in the Production

question 66

Multiple Choice

Which theory stresses that in some cases countries specialize in the production and export of particular products not because of underlying differences in factor endowments but because in certain industries the world market can support only a limited number of firms?

• A) Balanced trade
• B) Heckscher-Olin
• C) New trade
• D) Product life-cycle
• E) National competitive advantage

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Definitions:

Michel Foucault

A French philosopher and social theorist known for his contributions to postmodernism and his analyses of power, social institutions, and sexuality.

Homosexuality

A sexual orientation characterized by romantic or sexual attraction between people of the same sex.

Transsexuals

Individuals who undergo medical and surgical interventions to alter their anatomical sex to match their gender identity.

Transgender People

Refers to individuals whose gender identity differs from the sex they were assigned at birth.