Mastering International Trade and Finance
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Questions and Answers

Which of the following is a concept related to international trade?

  • Balance of Payments (correct)
  • Human Resources Management
  • Supply and Demand
  • Marketing Strategy

    • What is the concept of revealed comparative advantage based on?

  • A country's share of world exports in a specific product (correct)
  • The size of a country's economy
  • The level of technology in a country
  • The total share of world exports

    • How is the RCA index calculated?

  • By dividing a country's market share in a product by its total share of world exports (correct)
  • By multiplying a country's market share in a product by its total share of world exports
  • By subtracting a country's market share in a product from its total share of world exports
  • By adding a country's market share in a product to its total share of world exports

    • What does an RCA index value greater than 1 indicate?

    <p>Revealed comparative advantage in that product</p> Signup and view all the answers

    What is the market penetration index used for?

    <p>Indicating the direction in which a country's advantage is moving</p> Signup and view all the answers

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