9.According to Porter's competitive advantage of nations, ________ refer to the nature of home-market demand for specific products and services.

A) firm strategy, structure, and rivalry

B) factor conditions

C) demand conditions

D) demand liabilities

10.Which of the following is TRUE about the determinants of national competitive advantage?

A) The presence of strong competitors in a nation adversely affects national competitive advantage.

B) The presence of demanding customers pressures firms to innovate faster and produce better products.

C) Demand conditions describe the nation's position in factors of production, such as labor, natural resources, capital, technology, entrepreneurship, and know-how.

D) Vigorous competitive rivalry among firms lowers national innovativeness.

11.Opportunity cost is relevant for the theory of absolute theory.

True

False