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Author Question: If a scale economy is the dominant technological factor defining or establishing comparative ... (Read 69 times)

yoroshambo

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on: Jun 30, 2018
If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident.
 
  Explain, and compare this with the answer you would give for the Heckscher-Ohlin model of comparative advantage.

Question 2

The WTO encourages nations to take unilateral action on trade issues, including issues involving environmental protection.
 
  Indicate whether the statement is true or false


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Liddy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

This statement is true, since the reason the seller is a monopolist may be that it happened to have been the first to produce this product in this country. It may have no connection to any supply or demand related factors; nor to any natural or man-made availability. This is all exactly the opposite of the Heckscher-Ohlin Neo-Classical model's explanation of the determinants of comparative advantage.

Answer to Question 2

FALSE


yoroshambo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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