In principle, a tendency for firms to congregate in a single nation to reap trade-cost advantages related to key inputs located within that nation, thereby yielding a trade advantage for that nation, could result from:
A) internal economies and attainment of minimum efficient scale.
B) external economies and agglomeration.
C) economies of scale and government-erected entry barriers.
D) diseconomies of scale and a first-mover advantage.
Correct Answer:
Verified
Q2: Which of the following is not a
Q3: The establishment of a foreign subsidiary of
Q4: Which of the following is not an
Q5: Agglomeration refers to:
A) a consumer-s choice to
Q6: External economies refer to:
A) cost advantages arising
Q8: An industry concentration ratio is the:
A) sum
Q9: The relevant market is:
A) defined by the
Q10: A set of laws aimed at promoting
Q11: "Gravity" models of international trade emphasize the
Q12: If trading costs over the physical distance
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