The New Trade Theorists Argue That in Those Industries Where

question 60

True/False

The new trade theorists argue that in those industries where the existence of substantial economies of scale imply that the world market will profitable support only a few firms,countries may export certain products simply because they have a firm that was an early entrant into that industry.

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Definitions:

Old PIN

Traditionally, this refers to a previously used Personal Identification Number, often associated with secure access systems.

Prospective Memory

The memory function that enables individuals to remember planned activities or intentions at a future date.

Remember to Remember

A cognitive process involving the intentional recall of information, tasks, or events at a specific time in the future.

Schemas

Cognitive structures that help us organize and interpret information, based on our accumulated knowledge and experience.