Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ? | MCQ Hive

Economics Mcqs

Q Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?

A A. Theory of factor endowments
B B. Theory of overlapping demands
C C. Economies of scale theory
D D. Product life cycle theory

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