Endogenous Growth Theory

question 27

Multiple Choice

Endogenous growth theory:

• A)Provides a convincing argument against international trade in that the lack of a single regulatory entity results in the trade of unsafe products for the consumer
• B)Advocates international trade because of the resulting increase of economic growth and development of participating nations
• C)Is disparaging of international trade for the negative effects experienced by larger nations involved
• D)Advocates international growth as a way for larger nations to accelerate slowed growth relative to that of developing countries

Analyze the financial implications of educational investments and choices.

Identify the relationship between scarce resources and the emergence of opportunity costs.

Understand the concept of mass customization and its benefits to production efficiency and customer satisfaction.

Identify various strategies for achieving competitive advantage, including service quality, customer service, and product innovation.