This text discusses the theory of Mitchell Porter, which states that a country will have advantages in offering products abroad when they are produced at minimum costs, for which it is necessary to have cutting-edge technology and an efficient production process that allows for the production of differentiated and quality products, which leads the country to obtain high profits and competitive success externally. Consequently, the economic development of a society (total population welfare). The text also discusses the two modalities of foreign trade: exports and imports, and the elements necessary for an adequate commercial exchange of goods, such as currencies and exchange rates. Based on the text, which of the following statements is TRUE?

The theory of Mitchell Porter states that a country will have advantages in offering products abroad when they are produced at minimum costs.
The economic development of a society is not related to the success of a country in foreign trade.
The two modalities of foreign trade are exports and imports.
The elements necessary for an adequate commercial exchange of goods are currencies and exchange rates.
a) Only statement 1 is true.
b) Statements 1 and 3 are true.
c) Statements 1, 3, and 4 are true.
d) All statements are true.