Economics · International Trade Theories
Consider the following pairs of trade theories and their key distinguishing features: 1. Technological Gap Theory (Posner) : Trade arises from temporary technological leads by innovating countries 2. Product Cycle Theory (Vernon) : Trade pattern shifts as products mature from innovation stage to standardisation 3. Linder's Theory : Trade is most intense between countries with similar demand structures and income levels How many of the above pairs are correctly matched?
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All three
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