It Is Possible That Trade Based on External Scale Economies

question 5

Essay

It is possible that trade based on external scale economies may leave a country worse off than it would have been without trade. Explain how this could happen.

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Definitions:

Fertility

The natural capability to produce offspring; a measure of reproduction efficiency.

Hormones Impact

The effects that hormones have on the body's processes and functions, influencing mood, growth, metabolism, and reproductive health.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Pubertal Development

The physical changes occurring in the body that lead to sexual maturity, including growth spurts, the development of secondary sexual characteristics, and changes in reproductive organs.