Modern Approach to International Trade Theory

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question 1 of 3

The Geert-Hofstede model does not use _____ to determine the similarities between two countries.

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1. What theory looks at network effects and economies of scale when it comes to the growth of globalization?

2. What are the four main determinants in Porter's National Comparative Advantage Theory?

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About This Quiz & Worksheet

Take advantage of the quiz and worksheet to determine how much you know about the modern approach to international trade theory. Different theories and models are addressed on the quiz.

Quiz & Worksheet Goals

Using the quiz and worksheet, you can see how much you know about:

  • Theory that looks at network effects and economies of scale
  • How the Geert-Hofstede model works
  • Four main determinants in Porter's National Comparative Advantage Theory
  • Theory that focuses on multinational corporations and gaining a competitive advantage

Skills Practiced

  • Information recall - access the knowledge you have gained about the stages of the Product Life-Cycle theory
  • Knowledge application - use your knowledge to answer questions about different international trade theories
  • Reading comprehension - ensure that you draw the most important information from the lesson on the modern approach to international trade theory

Additional Learning

Learn more about these concepts and theories by using the lesson called Modern Approach to International Trade Theory. While viewing this lesson, you can complete the following objectives:

  • See when the Product Life-Cycle theory was created
  • Determine what modern international trade-based theories show
  • Compare and contrast different international trade theories
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