The new trade theory stresses that countries should have favorable factor endowments to excel in the production of a good. a. true b. false

False. The new trade theory stresses that countries should have favorable factor endowments to excel in the production of a good. The New Trade Theory talks about companies focusing on certain products more in-depth since the world market only supports a limited number of firms. Since they can only back a few per product, if companies were to focus on a smaller amount of products they can specialize in them and create a better backing from the world market.

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.