Which One of the Following Statements Pertaining to Vernon's "Product

Multiple Choice

Which one of the following statements pertaining to Vernon's "product cycle theory" for Explaining U.S. trade is INCORRECT?

A) There is no international trade in the "new product" stage.
B) Throughout the "maturing product" stage, because the good is exclusively being Produced abroad, the United States imports the good.
C) In the "maturing product" stage, U.S. firms may start producing the good from an Overseas location, and thus exports of the good from the United States may Decrease.
D) In the "standardized product" stage, the good is exported by developing countries.