Correct option is B
· Steffan Linder proposed the Country Similarity Theory, which explains trade between countries with similar economic structures.
· Raymond Vernon developed the Product Life Cycle Theory, explaining how products evolve from innovation to standardization.
· Heckscher-Ohlin introduced the Factor Proportion Theory, stating that countries export goods that utilize their abundant resources.
· Adam Smith formulated the Absolute Advantage Theory, emphasizing that nations should produce goods in which they are most efficient.