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Question
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.
Answer
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