Which of the Following Observations Is Consistent with Michael Porter's

question 6

Multiple Choice

Which of the following observations is consistent with Michael Porter's theory of national competitive advantage?

• A) Factors such as domestic demand and domestic rivalry determine nations' dominance on production.
• B) Countries should produce only those goods for which they have a comparative advantage.
• C) Interplay between the factors of production cause international marketing decisions.
• D) International differences in labor productivity determine nations' supremacy in production.

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Definitions:

Hydroelectric Plant

A facility that generates electricity by using moving water to turn turbines.

High Construction Costs

High Construction Costs refer to the significantly increased expenses associated with building infrastructure, facilities, or housing, often due to materials, labor, or regulatory issues.

Solar Thermal System

A system that converts sunlight into heat energy, which can be used for heating water, spaces, or generating electricity.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere, primarily from burning fossil fuels, contributing to global climate change.