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Author Question: According to strategic trade policy, international trade largely involves firms which: a. enjoy ... (Read 399 times)

jasdeep_brar

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on: Jun 30, 2018
According to strategic trade policy, international trade largely involves firms which:
 a. enjoy monopolistic power in the domestic market.
  b. has a high initial cost of production.
  c. pursues economies of scale.
  d. experiences diseconomies of scale.
  e. generates adequate employment in the domestic economy.

Question 2

One country will have a comparative advantage over another if its production possibilities
 a. frontier is higher.
 b. curve has a different slope.
 c. curve lies closer to the origin.
 d. curve lies farther from the origin.


31809pancho

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

c

Answer to Question 2

b


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