The product life cycle theory of comparative advantage predicts that a new product will be first produced and exported by:
a. the nation that first demanded the new product.
b. the first firm to successfully copy the technology.
c. the nation in which it was invented.
d. the countries with the most stable economies and the fewest restrictions on foreign trade.
e. the company with the most extensive network of international distributors for the product.
c
Economics
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The expenditure multiplier is smallest when the
A) LM curve is positively sloped. B) LM curve is horizontal. C) IS curve is vertical. D) LM curve is vertical.
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List the three coordination decisions made by every economy
a. Where? When? How? b. How? What? To whom? c. Why? Where? What? d. When? To Whom? Where?
Economics