In a High-Income Country Which of the Following Statements Is

Multiple Choice

In a high-income country which of the following statements is true with respect to the product cycle?

A) The country would tend to export low-priced versions of goods.
B) The country would tend to import high-priced versions of goods.
C) R&D for high-priced versions of goods would be done in low-income countries where labor is cheaper.
D) The country would tend to import low-priced versions and export high- priced versions of goods.
E) It is unrelated to economies of scale.