According to the Product Life-Cycle Theory, the High Cost of U.S

Multiple Choice

According to the product life-cycle theory, the high cost of U.S. labor gave U.S. firms an incentive to

A) lower costs of services to offset a fall in demand.
B) develop cost-saving process innovations.
C) invite foreign direct investment in domestic industries.
D) embrace and promote open market capitalism.
E) import new consumer products and export agricultural products.