The New Trade Theory Points Out That Through Its Impact

question 19

Multiple Choice

The new trade theory points out that through its impact on economies of scale,trade can:

• A)reduce the volume of the goods produced.
• B)decrease the variety of goods available to consumers.
• C)decrease the average costs of goods.
• D)inhibit first-mover advantages in all industries.

---

Definitions:

Large Arm Vein

A major vein in the arm, typically used for medical procedures such as the insertion of intravenous lines for medication delivery or blood withdrawal.

Intravenous Tubing

Flexible tubes used to deliver medications, fluids, and nutrients directly into a vein.

Blood Transfusion

The process of transferring blood or blood products from one person to another to replace lost components of the blood.

Blood Type

A classification of blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells. The main blood types are A, B, AB, and O.