Two Countries Engaged in Trade in Products with No Scale

question 6

Multiple Choice

Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in

• A) Heckscher-Ohlin trade.
• B) oligopolistic competition
• C) monopolistic competition.
• D) intra-industry trade.
• E) inter-industry trade.

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Definitions:

IT Department

A division within a company or organization that is responsible for managing information technology and computer systems.

Traditional SDLC

The Standard Software Development Life Cycle, a systematic process used for the planning, creation, testing, and deployment of software applications.

Outsourcing

The practice of hiring third parties to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Offshoring

The practice of relocating a company's business process, such as manufacturing or services, to another country, often to reduce costs.