A developed and developing nation are most likely to engage in
A) inter-industry trade based on economies of scale
B) intra-industry trade based on economies of scale
C) inter-industry trade based on comparative advantage
D) intra-industry trade based on comparative advantage
Correct Answer:
Verified
Q3: Which of the following statements is not
Q4: External economies refers to
A) an increase in
Q6: Two developed nations are most likely to
Q6: Which of the following assumptions of the
Q7: When a nation has increasing returns to
Q8: If a nation exports twice as much
Q9: Increasing returns to scale means that
A) doubling
Q10: The share of transport costs will fall
Q10: Outsourcing refers to
A) the purchase of parts
Q11: Trade based on technological gaps is closely
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