The Product Life Cycle Theory Is Criticized Because _____

question 2

Multiple Choice

The product life cycle theory is criticized because _____.

• A) it assumes that absolute and comparative advantages stem from different factor endowments
• B) it assumes that China is absolutely inefficient than the United States in the production of both wheat and aircrafts
• C) it argues that by trying to be self-sufficient and producing a wide range of goods,the wealth of a nation is reduced.
• D) it assumes that a stage-by-stage migration of production takes at least several years,if not decades

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Definitions:

State Change

A transition of a system or substance from one physical or thermodynamic state to another.

Latent Heat

The amount of heat absorbed or released by a substance during a phase change, without a change in temperature.