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Author Question: If two countries begin trade and both produce a product subject to internal economies of scale, then ... (Read 64 times)

Hungry!

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on: Jun 30, 2018
If two countries begin trade and both produce a product subject to internal economies of scale, then the country with the ________ rate of production will ________ production until it controls ________ of the market.
 
  A) higher; increase; 100
  B) higher; increase; 50
  C) lower; increase; 100
  D) lower; increase; 50
  E) higher; decrease; 0

Question 2

In the present, most of the exports from China are
 
  A) manufactured goods.
  B) services.
  C) primary products including agricultural.
  D) technology intensive products.
  E) overpriced by world market standards.


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ambernicolefink

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

A

Answer to Question 2

A


Hungry!

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Reply #2 on: Jun 30, 2018
Thank you :)


ambernicolefink

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Reply #3 on: Jun 30, 2018
Happy to help you


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