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Author Question: In addition to realizing the benefits of specialization according to comparative advantage, a nation ... (Read 62 times)

sc1250

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on: Oct 12, 2022

Question 1

The accumulated experience in producing a product over time is known as
◦ proliferation of differentiated products.
◦ gains from trade.
◦ opportunity cost.
◦ learning by doing.
◦ specialization.

Question 2

In addition to realizing the benefits of specialization according to comparative advantage, a nation that engages in international trade and specialization may realize benefits from
◦ diseconomies of scale and learning by doing.
◦ a devaluation of its currency.
◦ learning by doing and increased opportunity costs.
◦ a less diversified economy.
◦ economies of scale and learning by doing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sc1250 on Oct 12, 2022

reactx

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sc1250

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

covalentbond

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

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