According to the Product Life Cycle Theory,trade Between Countries Takes

question 12

Multiple Choice

According to the product life cycle theory,trade between countries takes place because of

• A) diseconomies of large scale production
• B) differences in per-capita income levels
• C) the occurrence of monopolies and oligopolies
• D) changing patterns of comparative advantage

---

Definitions:

Mental Abilities

The cognitive functions and capacities of the brain, including perception, reasoning, memory, decision-making, and problem-solving skills.

Psychosocial

Relating to the interrelation of social factors and individual thought and behavior.

Physical Development

The biological progression of a human being's growth and capability, encompassing changes in body size, muscle strength, and coordination.

Sensory Capacities

The abilities of an organism to receive, process, and respond to sensory stimuli from the environment, involving the use of sensory organs.