The product life cycle theory predicts that patterns of comparative advantage change over time.A country that initially exports a product to other countries tends to become a net importer of the product.

Question

Quizplus · Accepted Answer

The product life cycle theory predicts that patterns of comparative advantage change over time, and a country that initially exports a product to other countries tends to become a net importer of the product.

The Product Life Cycle Theory Predicts That Patterns of Comparative