According to the Product Life Cycle Model,comparative Advantage Shifts from Cheap-Labor

question 138

True/False

According to the product life cycle model,comparative advantage shifts from cheap-labor countries to high-technology countries after a manufactured good becomes standardized.

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Definitions:

NSF

An abbreviation for "Non-Sufficient Funds", indicating that a check cannot be processed due to insufficient money in the account.

Prosecutor

A legal official who conducts criminal proceedings on behalf of the government.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or injury due to the unlawful act or negligence of another.

Comparative Negligence

A legal doctrine that distributes the responsibility and damages among the parties involved in an accident based on their respective degrees of fault.