Which of the Following Is Not Mentioned in the Text

question 21

Multiple Choice

Which of the following is not mentioned in the text as a theory of international business?

• A) Theory of Comparative Advantage
• B) Imperfect Markets Theory
• C) Product Cycle Theory
• D) Globalization of Business Theory
• E) All of the above are mentioned in the text as theories of international business

---

Definitions:

Economic Models

Simplified representations or frameworks of economic processes, used to predict economic trends and help in decision-making.

Diagrams

Visual representations designed to illustrate concepts, data, or processes, often used for easier understanding or analysis.

Equations

Mathematical statements that assert the equality of two expressions, usually used in various scientific and engineering fields to describe relationships and solve problems.

Economic Model

A simplified representation of economic processes, used to predict and analyze real-world economic behaviors.