Linder's theory of overlapping demand provides an explanation of:
A) Product life cycle theory
B) Factor endowment model
C) Economies of large-scale production
D) Intra-industry trade

Question

Quizplus · Accepted Answer

Linder's theory of overlapping demand suggests that countries with similar levels of income and tastes will trade extensively with each other, leading to intra-industry trade, where countries both import and export similar goods within the same industry.

Linder's Theory of Overlapping Demand Provides an Explanation Of