Which of the following has historically been noted as being an accurate explanation for international trade patterns?
A) Product life-cycle theory
B) Absolute advantage theory
C) Internationalisation 'stage' theory
D) The Leontief paradox
Correct Answer:
Verified
Q1: Mercantilism was considered to be the last
Q2: Raymond Vernon proposed the product life-cycle theory
Q3: The most contentious implication of new trade
Q4: Michael Porter's (1990) 'diamond' shows four attributes
Q6: A contentious issue in the new trade
Q7: The theories of international trade claim that
Q8: British economist John Dunning, who became known
Q9: A firm that starts international operations soon
Q10: Because of their pivotal role in international
Q11: According to Porter's theory, governments should be
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