Question: The theory was based on the observation that for most of the twentieth century a very large proportion of the world's new products had been

The theory was based on the observation that for most of the twentieth century a very large proportion of the world's new products had been developed by U

.

.

firms and sold frist in the US

.

market.

absolute advantage

Heckscher

-

Ohlin

product life

-

cycle

new trade

The theory was based on the observation that for most of

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