Multiple Choice
According to the product life cycle model,comparative advantage
A) may move from one country to another as a product matures.
B) always stays in the country where a product is invented.
C) in agricultural or homogeneous manufactured goods is determined by the stage of the life cycle these products are in.
D) Both A and C.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: MacDougall's results can be interpreted as<br>A)evidence against
Q15: As of 2004,the U.S.,Canada,and Western Europe account
Q16: If output more than doubles when all
Q17: If some industries exhibit increasing returns to
Q18: The product life cycle model says that
Q20: Does the presence in the real world
Q21: Leontief's results can be interpreted as<br>A)evidence against
Q22: One of the leading alternative theories to
Q23: Leontief explained his findings by arguing that
Q24: Leontief's results were considered paradoxical because the