Question: 1 If we picked two countries to compare their Revealed Comparative Advantages (RCAs) in one product in the same year, both countries cannot have an

1 If we picked two countries to compare their Revealed Comparative Advantages (RCAs) in one product in the same year, both countries cannot have an RCA greater than 1. This is because two countries cannot have a comparative advantage in the same product.

Clearly indicate if the statement istrue orfalseandbrieflyexplain your answer.

2Experiential knowledge is a crucial element in both, the Uppsala Model and born global internationalisation processes.

Clearly indicate if the statement istrue orfalseandbrieflyexplain your answer.

3Revealed Comparative Advantages (RCAs) are always an accurate representation of underlaying comparative advantages generated by differences in factor endowments, differences in technology or the effect of economies of scale.

Clearly indicate if the statement istrue orfalseandbrieflyexplain your answer.

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