Which of the following statements is not true with regard to the product-cycle theory?
A) It depends on differences in technological changes over time among countries
B) It depends on the opening and the closing of technological gaps among countries
C) It postulates that industrial countries export more advanced products to less advanced countries
D) It corresponds with the predictions of the Hecksher-Ohlin theorem.
Correct Answer:
Verified
Q4: External economies refers to
A) an increase in
Q5: A developed and developing nation are most
Q6: Two developed nations are most likely to
Q6: Which of the following assumptions of the
Q7: When a nation has increasing returns to
Q8: If a nation exports twice as much
Q9: Increasing returns to scale means that
A) doubling
Q10: The share of transport costs will fall
Q10: Outsourcing refers to
A) the purchase of parts
Q11: Trade based on technological gaps is closely
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