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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.


Definitions:

Societal Ideal

A culturally constructed expression of the desired principles, behaviors, and social norms upheld by a society or community as benchmarks of perfection or excellence.

Emotional Problems

Difficulties in managing one's emotions that result in distress or impaired functioning.

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