Multiple Choice
According to the product life cycle theory, comparative advantage
A) always remains in the country where the product is first introduced to the market.
B) increases as government tariffs and quotas are imposed on imports.
C) may shift from the home country to a foreign country as the product matures.
D) is the result of lower wages in the home country than in other countries.
Correct Answer:

Verified
Correct Answer:
Verified
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