Classical trade theories ignore the marketing aspect of trade.
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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
Q33: Capital, as a factor of production, is
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
Q39: An economic and monetary union (EMU) envisages
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