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

question 86

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-Ohlin
• C)New trade
• D)Product life-cycle

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Definitions:

Teratogens

Agents or factors that can cause malformation or birth defects in an embryo or fetus when exposed during pregnancy.

Prenatal

Relates to the period before birth, during the development inside the womb.

Personal Fable

A belief held by adolescents that they are unique and invincible, which can lead to risk-taking behaviors due to their perceived exceptionality.

Autonomy

The capacity of an individual to make an informed, un-coerced decision, often related to the concept of free will.