The New Trade Theory Is at Variance with Which of the Following

question 20

Multiple Choice

The new trade theory is at variance with which of the following theories,which suggests that a country will predominate in the export of a product when it is particularly well endowed with those factors used intensively in its manufacture?

• A)Heckscher-Ohlin
• B)product life-cycle
• C)comparative advantage
• D)absolute advantage
• E)national competitive advantage

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Definitions:

Bin-

A prefix used in various contexts to denote two, a pair, or a binary relationship.

Twice

Occurring two times; indicating the occurrence of something two times.

Eu-

A prefix meaning good, well, or true, often used in scientific and medical terms.

Good

A term that denotes something with desirable qualities, beneficial, or morally right.