According to the New Trade Theory

question 36

Multiple Choice

According to the new trade theory

• A)the ability to capture first-mover advantages is restricted in a world that disallows trade.
• B)differences in labor productivity between nations underlie the notion of comparative advantage.
• C)a country may predominate in the export of a good because it has firms that were among the first to produce that good.
• D)to ensure economic progress,countries should implement several trade barriers.
• E)different goods use resources in different proportions and this leads to constant returns to specialization.

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