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| Q. |
Vernon's international product life cycle theory: |
| A. | helps explain the movement from absolute advantage to comparative advantage. |
| B. | helps explain why a product that begins as a nation export often ends up becoming an import. |
| C. | shows why the United States, surprisingly, exports relatively more laborintensive goods and imports capital-intensive goods. |
| D. | extends the concept of comparative advantage by bringing into consideration the endowment and cost of factors of production. |
| Answer» B. helps explain why a product that begins as a nation export often ends up becoming an import. | |
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