With respect to the “product cycle theory”,
A.
factors of production are assumed immobile between countries.
B.
country that successfully introduces a new product into world markets will remain a permanent net exporter of that product.
C.
factor prices play no role in trade patterns, since the theory is offered as an alternative to the factor endowments approach.
D.
evidence exists that developing countries may be exporting "older" products, and such evidence is consistent with the theory.