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

question 138

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


Definitions:

Alveoli

Small, air-filled sacs in the lungs where gas exchange between the air and blood takes place.

Inhaled Air

The mixture of gases that is taken into the lungs during the act of breathing, primarily comprised of nitrogen, oxygen, carbon dioxide, and water vapor.

Throat

The anterior part of the neck, beginning at the oropharynx and extending to the larynx, serving as a pathway for air and food.

Internal Respiration

The exchange of gases (oxygen and carbon dioxide) between the blood and the body's cells.

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