8. (Please choose all the suitable answers from the four choices marked A, B, C
ID: 1131473 • Letter: 8
Question
8. (Please choose all the suitable answers from the four choices marked A, B, C and D) According to Porter, advanced factors: A. include educated workers and infrastructure. B. are the least significant for competitive advantage. C. are not naturally endowed. a product of investment by individuals, companies, and governments 9. Import tariffs A. increase government revenues B. hurt consumers in import country C. benefit domestic producer D.reduce the overall efficiency of the world economy 10. FDI has been rising for all of the following reasons: A. the globalization o the world economy. B. the general increase in trade barriers over the past 30 years C. firms are trying to circumvent trade barriers D. there is a shift toward democratic political institutions and free market economies.Explanation / Answer
8. Options A & D are correct.
Because advanced factors include educated & skilled workface, quality of infrastructure which are a result of investment by individuals, companies & governments.
9. All options are correct.
Import tariffs increase government revenue.
It hurts consumers in import country because imports (foreign products) become expensive.
Benefit domestic consumers because their product become cheap in international market & their profits increase.
It also reduces overall efficiency because the volume of trade goes down & countries engage in a tariff war to protect their domestic industries.
10. Options A, C & D are correct.
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