Which Trade Theory Suggests That a Newly Produced Good, Once

question 59

Multiple Choice

Which trade theory suggests that a newly produced good, once exported, could ultimately end up being imported as the technology is transferred to foreign nations?

• A) factor-endowment theory
• B) product life cycle theory
• C) theory of overlapping demands
• D) specific-factors theory

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Definitions:

Situation Analysis

A detailed examination of the internal and external factors affecting an organization or project, used to inform strategic planning and decision-making.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Social Change

Significant alterations over time in behavior patterns, cultural values and norms, and societal structures.

Business Value

The importance or worth that a company or project brings to stakeholders, including financial profitability, brand reputation, and customer satisfaction.