Production factors are now considered more mobile than previously assumed.
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Q27: The evidence that the United States exports
Q28: Based on the factor endowment theory, developing
Q29: Developed countries tend to trade among themselves
Q30: While manufacturing jobs can be moved across
Q31: Classical trade theories assume that factors of
Q33: Capital, as a factor of production, is
Q34: Classical trade theories ignore the marketing aspect
Q35: Classical trade theories are concerned primarily with
Q36: Countries forming a free trade area must
Q37: Monetary union means adoption of multiple currencies.
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