Vernon Argues That Early in the Life Cycle of a Typical

Multiple Choice

Vernon argues that early in the life cycle of a typical new product,while demand is starting to grow rapidly in the United States,demand in other advanced countries

A) remains limited to high-income groups.
B) necessitates production of that product in those countries.
C) necessitates outsourcing of production to low-cost locations.
D) raises the cost of production in the United States.
E) causes a shift in the position of the United States from that of an exporter to an importer.