Which of the Following Is TRUE with Regard to New

Multiple Choice

Which of the following is TRUE with regard to new trade theory?

A) According to new trade theory, achieving economies of scale is not necessary for superior international performance.
B) According to new trade theory, trade is beneficial even for countries that produce only a limited variety of products.
C) New trade theory suggests that export is less beneficial to firms than commonly believed.
D) New trade theory rests solely on the premise that countries differ in the type and quantity of production factors they possess.