Business
Business, 11.04.2020 00:36, countrygirlbookworm2

According to the product life-cycle theory, the locus of global production initially switches from the United States to other advanced nations and then from those nations to developing countries. Which of the following is most likely to be a consequenceof these trends?

A. U. S. imports become less capital intensive than U. S. exports.

B. The pattern of international trade get affected by differences in factor endowmentsrather than differences in productivity.

C. Over time, the U. S. switches from being an exporter of a product to an importer ofthe product.

D. The wage rates in the United States decrease. E. Developing nations fail to upgrade their skill levels to compete with advanced countries

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