A high degree of competitiveness does not need a high degree of internationalization of that economy.*1 pointTRUEFALSE

Competitiveness does not connote the ability of a nation to compete internationally in all its industries A. True B. False

The contention that most companies must have a strong domestic market base before venturing into international markets is not exactly applicable in most developing countries. A. True B. False

The capacity of a country’s industries to innovate and upgrade is a key determinant of national competitiveness.A. TrueB. False

International trade makes markets more competitive.

A firm can successfully enter the international market even if it does not adhere to established product standards. A. True B. False