Author Question: If some industries exhibit increasing returns to scale in each country, we should not expect to see ... (Read 83 times)

abern · **on:** Jun 30, 2018

If some industries exhibit increasing returns to scale in each country, we should not expect to see

A) intraindustry trade between countries.
B) perfect competition in these industries.
C) interindustry trade between countries.
D) Either B or C.

Question 2

Reform of a country's trading system, including the reduction or elimination of trade barriers, is an example of

A) an orthodox stabilization plan.
B) a heterodox stabilization plan.
C) economic populism.
D) import substitution industrialization.
E) structural reform.