The product life-cycle theory:
A) remains a relevant theory of explaining international trade in the modern world.
B) was useful for explaining the pattern of trade during the brief period of American global dominance.
C) proved to be a poor explanation of world trade patterns during the 1960s and 1970s.
D) was a strong predictor of trade patterns during the 1800s.
Correct Answer:
Verified
Q65: _ means that the units of resources
Q66: According to Porter,advanced factors:
A)include natural resources,climate,location,and demographics.
B)are
Q67: According to Heckscher and Ohlin,_ meant the
Q68: According to the product life-cycle theory,the locus
Q69: Even if we relax the assumptions of
Q71: Which theory predicts that countries will export
Q72: Identify the theory that suggests that it
Q73: According to the new trade theorists,because early
Q74: What is the basic message of the
Q75: _ suggests that when nations trade,each nation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents