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

Question

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According to the product life cycle theory, a country that initially exports a product will eventually become a net importer of the product as the industry moves to other countries with lower production costs. This means that patterns of comparative advantage change over time.

The Product Life Cycle Theory Predicts That Patterns of Comparative