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New trade theory emphasizes which of the following

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1. New trade theory emphasizes which of the following?

a) A country will produce the products with the least opportunity cost

b)A country will produce products that rely on the resources that the country possesses

c)A country which develops a product or technology will have a lasting advantage in the production of that product

d)A country will export products in which it has developed a competitive home industry

2. Your company, operating in Australia, realizes that it must adhere to the common law legal system of Australia. What would this common law system entail?

a) Very specific rules and regulations are written governing all transactions

b)The law in informal with no messy ceremonies involved

c) The law in based on a series of judgments over time which establish precedents

d)The law is the same in all of Australia, with no variations in different states of the country

Reference no: EM133153798

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