Vernon's international product life cycle theory: | Faculties

A

Admin

🎓 Coach ⭐ 38.37K Points

📊 Export Import Procedures and Documentation

Q. Vernon's international product life cycle theory:

(A) helps explain the movement from absolute advantage to comparative advantage.
(B) helps explain why a product that begins as a nation export often ends up becoming an import.
(C) shows why the United States, surprisingly, exports relatively more laborintensive goods and imports capital-intensive goods.
(D) extends the concept of comparative advantage by bringing into consideration the endowment and cost of factors of production.

💬 Discuss

✅ Correct Answer: (B) helps explain why a product that begins as a nation export often ends up becoming an import.

You must be Logged in to update hint/solution

💬 Discussion

📊 Question Analytics

👁️

819

Total Visits

📽️

2 y ago

Published

🎖️

Admin

Publisher

📈

89%

Success Rate