Compared to the comparative advantage theory,the product life-cycle theory:
A) fails to predict the possibility of globally dispersed production.
B) is increasingly relevant to explaining trade patterns in the modern world.
C) makes a lot of simplifying assumptions.
D) explains the current labor advantages in the U.S.
Correct Answer:
Verified
Q90: Vernon predicts that as the demand for
Q91: According to Vernon,which of the following factors
Q92: 82.One of the drawbacks of the Heckscher-Ohlin
Q93: _ are unit cost reductions associated with
Q94: Vernon argues that pioneering firms kept production
Q96: One of the key assumptions of the
Q97: The ability to spread fixed costs over
Q98: Vernon argues that early in the life
Q99: Historically,the product life-cycle theory seems to be
Q100: The _ theory began to emerge in
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