Sentoria is an island nation in the Pacific Ocean. Its geographical location is advantageous since it has access to a variety of aquatic life forms and also a number of freshwater sources that provide for fisheries. The lack of arable land drives local demand for seafood, and Sentoria is one of the world's major exporters of this product. Which theory of international trade best explains Sentoria's dominance as an exporter of seafood?
A) new trade theory
B) product life-cycle theory
C) mercantilism
D) Heckscher-Ohlin theory
E) theory of national competitive advantage
Correct Answer:
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