Two Countries Engaged in Trade in Products with No Scale

question 30

Multiple Choice

Two countries engaged in trade in products with no scale economies,produced under conditions of perfect competition,are likely to be engaged in

• A) inter-industry trade.
• B) monopolistic competition.
• C) intra-industry trade.
• D) Heckscher-Ohlin trade.
• E) oligopolistic competition

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Definitions:

Privacy

The state or condition of being free from unauthorized intrusion or disclosure, especially concerning personal information or space.

Isolation

The experience of being separated from others; can also refer to a stage in Erikson's theory of psychosocial development during young adulthood.

Peak Experience

a term in psychology that denotes a profound, deeply moving, often euphoric state in which an individual feels a sense of harmony and overwhelming joy.

Ego

A part of the psyche that mediates between the conscious, the unconscious, and the external world, according to psychoanalytic theory.