True/False
According to the product life cycle model,comparative advantage shifts from cheap-labor countries to high-technology countries after a manufactured good becomes standardized.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: The specific-factors theory analyzes the income distribution
Q14: When transportation costs are added to our
Q21: The theory of overlapping demands applies best
Q27: What is the focus of the product
Q43: According to the specific-factors theory, resources that
Q78: Decreasing cost conditions lead to complete specialization
Q133: Figure 3.1China - US Trade Possibilities<br> <img
Q135: Eli Heckscher and Bertil Ohlin are associated
Q137: The product-life-cycle model contends that when a
Q139: Boeing aircraft company was able to cover