Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no lorger manufacture the product.
The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as.
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
According to the________ the export of the product that embodies large amounts of the relatively cheap, abundant resorce results in an increase in its price and income of the resource used intensively in the import competing product decrease as its demand falls.
