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
Q32: Production factors are now considered more mobile
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.
Q38: Economic union eliminates foreign exchange transaction costs
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