One of the Implications of the New Trade Theory Is

question 43

Multiple Choice

One of the implications of the new trade theory is that:

• A)it predicts the U.S.dominating the world market for consumer goods.
• B)nations may benefit from trade irrespective of resource endowments or technology.
• C)U.S.switches from being an importer of products to an exporter owing to lowering of labor costs.
• D)it accurately predicts the evolution of globally dispersed production.

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Definitions:

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The surrounding conditions and factors that interact with and influence a cell's function and survival.

Genes

The segments on a DNA molecule that act as hereditary blueprints for the organism’s development.

Umbilical Cord

A flexible helical structure containing blood vessels that connects the developing organism to the placenta.

Placenta

An organ made up of tissue from both the mother and the fetus that serves as a barrier and filter between their bloodstreams.