Author Question: The product life cycle model says that comparative advantage in manufactured goods may move from one ... (Read 75 times)

Lisaclaire · **on:** Jun 30, 2018

The product life cycle model says that comparative advantage in manufactured goods may move from one country to another as a product becomes more standardized.

Indicate whether the statement is true or false

Question 2

If U.S. consumers increase their demand for foreign products and foreign travel, the U.S. dollar would tend to depreciate as more dollars are supplied to foreign exchange markets.

Indicate whether the statement is true or false