because of substantial economies of scale, the ______ theory argues that in many industries there are…

because of substantial economies of scale, the ______ theory argues that in many industries there are increasing returns to specialization.\n\no a. porter\no b. heckscher - ohlin\no c. leontiefs paradox\no d. new trade\no e. product life - cycle

because of substantial economies of scale, the ______ theory argues that in many industries there are increasing returns to specialization.\n\no a. porter\no b. heckscher - ohlin\no c. leontiefs paradox\no d. new trade\no e. product life - cycle

Answer

Brief Explanations:

The new - trade theory emphasizes that due to substantial economies of scale, there are increasing returns to specialization in many industries. Porter's theory focuses on competitive advantage of nations. Heckscher - Ohlin theory is about factor endowments. Leontief's paradox challenges the Heckscher - Ohlin theory. Product life - cycle theory is about the stages of a product's life in international trade.

Answer:

d. new trade