Which of the Following Theories Identifies Specialization as a Reason

question 57

Multiple Choice

Which of the following theories identifies specialization as a reason for international business?

• A) theory of comparative advantage.
• B) imperfect markets theory.
• C) product cycle theory.
• D) none of the above

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Definitions:

Transmission Damage

Damage occurring within the gearbox or transmission system of a vehicle, affecting its ability to change gears.

Service Light

An indicator light found on vehicle dashboards that illuminates to alert the driver of the need for maintenance or service.

Gear Oil

A lubricant specifically formulated for transmissions, differentials, and transaxles in vehicles and machinery to protect against wear and tear.

Eaton

A multinational power management company known for its products in electrical components and systems for power quality, distribution, and control.