Author Question: We often observe pseudo-intra-industry trade between the United States and Mexico. Actually, such ... (Read 61 times)

BrownTown3 · **on:** Jun 30, 2018

We often observe pseudo-intra-industry trade between the United States and Mexico. Actually, such trade is consistent with

A) comparative advantage associated with Heckscher-Ohlin model.
B) oligopolistic markets.
C) optimal tariff issues.
D) the Ricardian model of trade.
E) the specific factors model of trade.

Question 2

The WTO seems at times to be interfering in domestic policy since

A) the line between domestic policies and de factor protectionism is often fuzzy.
B) it is a supra-national organization with the power to overturn governments.
C) it determines which nations may trade what with whom.
D) it punishes naughty nations.
E) it exempts the U.S. and other powerful member nations from many of its edicts.