In the neoclassical model of trade, the movement of a country from autarky to free trade Generally results in __________ specialization in production, __________ the situation in the Classical model.
A) complete; unlike
B) complete; as was also
C) partial; unlike
D) partial; as was also

Question

Quizplus · Accepted Answer

In the neoclassical model, countries typically experience partial specialization due to increasing opportunity costs, unlike the Classical model which assumes constant opportunity costs and often results in complete specialization.

In the Neoclassical Model of Trade, the Movement of a Country