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Question
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.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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