Question

the product - life - cycle theory stresses that in some cases, countries specialize in the production and export of particular products not because of underlying differences in factor endowments but because in certain industries the world market can support only a limited number of firms.
true
false

Explanation:

The product - life - cycle theory focuses on the stages of a product's life and how production and trade patterns change over time due to factors like innovation, standardization, etc. It is not about the limited number of firms the world market can support in certain industries (which is more related to the theory of oligopoly and strategic trade theory).

Answer:

False