Question: Question 12 4.5 Points Which theory explains that a nation's competitiveness in an industry depends on factors like local market resources, demand conditions, suppliers,

Question 12 4.5 Points Which theory explains that a nation's competitiveness in an industry depends on factors like local market resources, demand conditions, suppliers, and firm characteristics? Comparative advantage theory B) Factor proportions theory Local market demand theory (D) Porter's national competitive advantage theory Question 13 What is the main advantage of using GDP adjusted for purchasing power parity (PPP) when comparing economies? It reflects the impact of inflation B) It provides accurate exchange rates it considers differences in living costs (D) It includes black-market transactions 4.5 Points

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