New Trade Theory Stresses That in Some Cases Countries Specialize

question 86

True/False

New trade theory stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms.

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Definitions:

Vision

A positive and future-focused image of what could and should be that focuses and energizes people; an essential requirement for effective leadership. A successful vision is leader-initiated, shared and supported by followers, comprehensive and detailed, and uplifting and inspiring.

Leader

A person who guides or directs a group towards achieving specific goals.

Effort

The amount of mental or physical energy put into a task or activity to achieve a specific goal.

Motives

The internal drives, desires, or needs that propel individuals to take action or behave in a specific manner.