Author Question: If some industries exhibit internal increasing returns to scale in each country, we should not ... (Read 61 times)

codyclark · **on:** Jun 30, 2018

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

A) perfect competition in these industries.
B) intra-industry trade between countries.
C) inter-industry trade between countries.
D) high levels of specialization in both countries.
E) increased productivity in both countries.

Question 2

The WTO explicitly stated that in making its sea turtle decision, it was NOT saying that sovereign nations could not adopt effective measures to protect endangered species.

Clearly, it said, sovereign nations can and should develop effective measures, including trade measures, to protect endangered species. Indicate whether the statement is true or false