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) competitive advantage theory
D) the Leontief paradox
Correct Answer:
Verified
Q9: A study by Wassily Leontief (1953),having raised
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Q11: The product life-cycle theory suggests that trade
Q12: New trade theory points out that through
Q13: Michael Porter's (1990)'Diamond' has four attributes of
Q15: The theory of national competitive advantage,developed by
Q16: Free trade is:
A)an agreement between two parties
Q17: A contentious issue in the new trade
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