Which of the Following Is True of Product Cycle Hypothesis

question 55

Multiple Choice

Which of the following is true of product cycle hypothesis?

• A)It explains how a country completely specializes in the production of the good that was first invented in this country.
• B)It ignores the importance of research and development in the improvement of production technology in a country.
• C)It explains how an initial exporter of a good ends up importing the good from other countries.
• D)It assumes that the demands for various commodities in the countries do not change over time.

---

Definitions:

Poverty Line

A defined level of income that is considered the minimum necessary to maintain a standard of living.

Losing Ground

A phrase indicating that a person, organization, or entity is falling behind in competition or losing advantage.

Antipoverty Spending

Antipoverty spending refers to government expenditures aimed at reducing poverty through direct aid, such as welfare programs and income support.

Non-Hispanic Whites

Individuals residing in the United States who identify as white and are not of Hispanic or Latino origin, according to demographic and census categories.