Comparative advantage cannot account for a significant portion of world trade.
Correct Answer:
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Q8: Which of the following is NOT an
Q9: Internal economies of scale means that
A)firms are
Q10: If trade in a particular good interindustry,the
Q11: If countries have similar factors of production
Q12: Intraindustry trade can lead to lower prices
Q14: Economies of scale are an important determinant
Q15: Which of the following is NOT a
Q16: Comparative advantage has mixed results when it
Q17: An internal economy means that _,while an
Q18: Interindustry trade refers to
A)international trade in products
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