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Questions and Answers
Which of the following is a concept related to international trade?
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?
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?
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?
What does an RCA index value greater than 1 indicate?
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What is the market penetration index used for?
What is the market penetration index used for?
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