Identify the Theory That Argues That Advanced Nations Have an Incentive

question 52

Multiple Choice

Identify the theory that argues that advanced nations have an incentive to develop a new offering and hence such nations always tend to create a good or service for the first time.

• A) Absolute advantage
• B) Ricardo
• C) Product life-cycle
• D) Heckscher-Ohlin

---

Definitions:

Long-Term Leases

Lease agreements that extend for a long period, often exceeding a year, typically used for real estate and heavy equipment.

Tenantable

Fit to be lived in or leased; a standard that rental property must meet in terms of safety and habitability under the law.

Leased Premises

Property that is rented under the terms of a lease agreement.

Landlord

A landlord is an individual or entity that owns and rents out property, such as apartments or offices, to tenants in exchange for rent.