Author Question: The simultaneous export and import of widgets by the United States is an example of A) ... (Read 88 times)

james · **on:** Jun 30, 2018

The simultaneous export and import of widgets by the United States is an example of

A) intra-industry trade.
B) increasing returns to scale.
C) imperfect competition.
D) inter-industry trade.
E) the effect of a monopoly on international trade.

Question 2

The opportunity cost of producing in low-income, developing countries rises over the product cycle, according to theory.

Indicate whether the statement is true or false