
International Economy Week 2
Authored by Abdulaziz Ashurov
Professional Development
12th Grade
Used 1+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary cause of the international labor division?
Differences in endowment of economic resources
Equal distribution of natural resources across countries
Similar production capabilities among countries
Standardization of global production methods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which resource is comparatively scarce in the European Union (EU)?
Knowledge
Capital
Entrepreneurship
Natural resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economist initially proposed the concept of international labor division?
Michael Porter
Eli Heckscher
Adam Smith
Bertil Ohlin
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the theory of national competitive advantage by Michael Porter primarily focus on?
The endowment of countries with natural resources
The determinants of competitive industries within a country
The global movement of natural resources
The equal distribution of labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a determinant in Porter's Diamond Model?
Firm strategy and rivalry
Global population growth
Related and supporting industries
Demand conditions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which period was the international labor division mainly based on differences in natural resources?
During the Industrial Revolution
Before the Industrial Revolution
After World War II
In the 21st century
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the concept of the international movement of economic resources, which of these resources is the least mobile internationally?
Knowledge
Capital
Labor
Technology
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