Krugman and Lancaster Predict That Intraindustry Trade Will Be Rare

question 74

True/False

Krugman and Lancaster predict that intraindustry trade will be rare.

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Definitions:

Thomas Malthus

An English economist and demographer known for his theory that population growth will always tend to outrun the food supply and lead to societal collapse.

Influenced Darwin

Refers to the various observations, findings, and scholars that contributed to Charles Darwin’s development of the theory of evolution by natural selection.

Genetic Drift

A mechanism of evolution that leads to random changes in the gene frequencies of a population over time, particularly in small populations.

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring and determines inherited characteristics.