1.Raymond Vernon noticed that in the 1960s, the wealth and size of the U.S. market was a natural incentive to develop new consumer products. What theory did he propose based on this fact?
Multiple Choice
new trade
absolute advantage
mercantilism
product life-cycle
comparative advantage
The theory that Raymond Vernon proposed based on the fact that the wealth and size of the US market was a natural incentive to develop new consumer products is:-
- Product life cycle
option(D)
1.Raymond Vernon noticed that in the 1960s, the wealth and size of the U.S. market was a natural incentive to develop ne...
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