The Product Life Cycle Theory Is Criticized Because _____

Multiple Choice

The product life cycle theory is criticized because _____.

A) it assumes that absolute and comparative advantages stem from different factor endowments
B) it assumes that China is absolutely inefficient than the United States in the production of both wheat and aircrafts
C) it argues that by trying to be self-sufficient and producing a wide range of goods,the wealth of a nation is reduced.
D) it assumes that a stage-by-stage migration of production takes at least several years,if not decades