Ask Question
19 May, 07:42

According to the resource-based view, there are economic gains from international trade because some firms in one nation generate exports that are valuable, unique, and hard to imitate that firms from other nations find it beneficial to import. True or false?

+1
Answers (1)
  1. 19 May, 07:47
    0
    It is true that According to the resource-based view, there are economic gains from international trade because some firms in one nation generate exports that are valuable, unique, and hard to imitate that firms from other nations find it beneficial to import.

    Explanation:

    It is true that every country indeed excels in the production of one thing or the other as contrasted to other countries. So, when that particular product is internationally traded it gives rise to economic gains.

    Whenever a unique product is being exported it increases the sales and profits. And the country which imports it get the benefit of reduced cost. As the importing country specializes in that product. so it can export at a cheaper cost as compared to other nations.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the resource-based view, there are economic gains from international trade because some firms in one nation generate exports ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers