Professor Baldwin Believes That Early in the Life Cycle of a U.S

Multiple Choice

Professor Baldwin believes that early in the life cycle of a U.S. product, demand in other advanced countries is limited to high-income groups. Consequently, it is seldom worthwhile for firms in those countries to start producing the product. This view conforms to

A) the product life-cycle theory.
B) Ricardo's theory.
C) the theory of absolute advantage.
D) the theory of comparative advantage.