Consider the Sources of the Gains from International Trade

question 36

Multiple Choice

Consider the sources of the gains from international trade.Economies of scale and product differentiation can provide an explanation for

• A)countries remaining at their autarkic positions.
• B)countries trading in completely different products.
• C)countries trading in similar products.
• D)firms seeking government intervention to protect their industries.
• E)firms seeking government approval of mergers.

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No Demand

A market situation where there is no consumer desire or interest in purchasing a specific product or service.

Inconsistency

The state of being inconsistent; lack of uniformity or steadiness in actions, values, or outcomes.

Training

The process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

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A business that offers planning and coordinating services for weddings, including venue selection, catering, and decorations.