One of the implications of the new trade theory is that:
A) it predicts the U.S.dominating the world market for consumer goods.
B) nations may benefit from trade irrespective of resource endowments or technology.
C) U.S.switches from being an importer of products to an exporter owing to lowering of labor costs.
D) it accurately predicts the evolution of globally dispersed production.
Correct Answer:
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