Factor Proportions Theory States That

Factor proportions theory states that:

A) firms must develop competitive advantages to counter global competition in their industries.
B) production of the new product will occur completely in the home country of its innovation.
C) most trade in manufactured goods will be between countries with similar per capita incomes.
D) countries would produce and export goods that required resources that were in great supply.
E) a nation's competitiveness in an industry depends on the capacity of the industry to innovate and upgrade.