Endogenous growth theory:
A)Provides a convincing argument against international trade in that the lack of a single regulatory entity results in the trade of unsafe products for the consumer
B)Advocates international trade because of the resulting increase of economic growth and development of participating nations
C)Is disparaging of international trade for the negative effects experienced by larger nations involved
D)Advocates international growth as a way for larger nations to accelerate slowed growth relative to that of developing countries

Question

Quizplus · Accepted Answer

Endogenous growth theory advocates international trade as a means to increase economic growth and development for participating nations. It argues that trade enhances knowledge and technological innovation, which are key drivers of economic growth.

Endogenous Growth Theory