Question

historically, the product - life - cycle theory is an:

a. accurate explanation of international travel and transportation volumes
b. accurate explanation of international trade patterns in some countries but not in others
c. inaccurate explanation of international trade patterns
d. accurate explanation of international trade patterns for manufactured goods but not for services
e. accurate explanation of international trade patterns

Explanation:

The product - life - cycle theory provides an accurate explanation of international trade patterns in some countries but not all. It has been useful in analyzing trade for manufactured goods in certain contexts, but its applicability varies across different countries and sectors like services.

Answer:

B. accurate explanation of international trade patterns in some countries but not in others