题目内容
According to the product-life-cycle theory, the first stage of a product's trsde cycle is when it is introduced to the home market.
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According to the product-life-cycle theory, the last stage of a product's trade cycle is when it becomes an import-competing good.
Ricardo's thoery of comparative advantage is a static theory that does not consider changes in international competitiveness over the long run.
Dynamic comparative advantage refers to the creation of comparative advantage through the mobilization of skilled labor, technology, and capital.
Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.
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