
The dynamic gains from trade include all of the following except:
A) Economies of large-scale production resulting in decreasing unit cost
B) Increased saving and investment resulting in economic growth
C) Increased competition resulting in lower prices and wider range of output
D) Increasing comparative advantage leading to specialization
Correct Answer:
Verified
Q80: A terms-of-trade index that equals 150 indicates
Q81: Incomplete specialization may be caused by
A) Increasing
Q82: Figure 2.4 Production Possibilities Frontier
Q84: Figure 2.4 Production Possibilities Frontier
Q86: Improvements in productivity may lead to decreasing
Q87: Ricardo's model of comparative advantage assumed all
Q88: Modern trade theory contends that the pattern
Q89: Figure 2.4 Production Possibilities Frontier
Q90: Figure 2.4 Production Possibilities Frontier
Q140: According to the mercantilists, a nation's welfare
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