6.  Which of the following considerations need not lead to in-country distribution effects from trade? A. Labor markets display significant frictions. B. Capital may be industry-specific. C. It takes time to learn new skills. D. Wages and productivity in one country are much higher than in its trading partner.

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Q: 5. Protectionism a. is the use of cheap labor to protect firms from paying high wages. b. is the use…

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Q: The gain to consumers from trade in Country A is $_______. 15. The net gain to the economy as a…

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Q: Under open trade, what will be the international price and quantity traded?     (a) $8 and 12…

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Q: Fill in the blanks to make the following statements correct. a. A regional trade agreement, such as…

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A:

Q: A country will gain relatively more from trade when: A. trade is regulated. B. the world price is…

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Q: Which of the following is NOT a potential benefit of international trade? A. Increased consumer…

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Q: Evidence indicates that tariffs and quotas are

A:

Q: A large share of intrafirm trade suggests O There are increasing returns to trade in the industry.…

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Q: If Canada applies a 30% tariff to Swiss watches, then Canada is prohibited by WTO rules from…

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