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Question

Question 25 (1 point)

A company making high end monitors in Japan decided not to produce them in

America due to high efficiencies in their home plant, access to components locally

and fear of giving away secret manufacturing techniques. This Is called the

Absolute advantage

Comparative advantage

Economic nationalism

Eclectic paradigm

Answer

Economic nationalism.

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Economic nationalism refers to the practice of protecting domestic industries from foreign competition by imposing tariffs, quotas, or other trade barriers. In the given scenario...