If Some Industries Exhibit Internal Increasing Returns to Scale in Each

question 3

Multiple Choice

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.

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Definitions:

Repetitive Reports

Documents or files that are generated on a regular basis, covering similar topics or data points.

Scope

The extent, range, or breadth of something, such as a project, study, or activity, outlining its limitations and parameters.

Methods

The techniques or procedures used to accomplish a specific task or to conduct research, experiments, or any systematic activity.

Evaluation

The systematic process of examining a program, concept, or object to judge its effectiveness, strengths, and weaknesses, often in comparison to standards or benchmarks.