International Trade Based on External Scale Economies in Both Countries

question 11

Multiple Choice

International trade based on external scale economies in both countries is likely to be carried out by

• A) a relatively large number of price competing firms.
• B) a relatively small number of price competing firms.
• C) a relatively small number of imperfect competitors.
• D) monopolists in each country.
• E) a large number of oligopolists in each country.

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Definitions:

William James

An influential American philosopher and psychologist, known as the "Father of American Psychology," who made significant contributions to the fields of psychology, philosophy, and education.

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The degree to which an individual's actions are congruent with their beliefs and desires, despite external pressures.

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