escription is incorrect ( ) A According to the overlapping demand theory, the intra-industry trade between countries with large income gap will be less. 307 0307 The theory of comparative advantage helps to explain the intra-industry trade between developed countries. The smaller the difference of factor endowments between two countries, the greater proportion of intra-industry trade should be.

escription is incorrect ( ) A According to the overlapping demand theory, the intra-industry trade between countries with large income gap will be less. 307 0307 The theory of comparative advantage helps to explain the intra-industry trade between developed countries. The smaller the difference of factor endowments between two countries, the greater proportion of intra-industry trade should be.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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