Inter-industry trade is based on comparative advantage while Intra-industry trade in differentiated products arises from realizing economies of scale.  Which type of trade is easier in resources, especially in labour, adjustment and why?

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Q: Which of the assumptions of comparative advantage seem unrealistic? Fixed technology and imperfect…

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Q: If a scale economy is the dominant technological factor defining or establishing comparative…

A: The answer is as follows:-

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Q: When should a company consider expanding from strictly domestic trade to international trade?

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Q: Discuss the importance of International Trade during COVID 19 pandemic and explain if a trade war…

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Q: Barriers to free trade could create a lack of confidence in the market? True or False

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Q: The two phrases/words that can be expressed in terms of each other are? opportunity costs and…

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Q: used (or are often used

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Q: The principle of comparative advantage helps explain trade between nations.  True  False

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Q: In order to promote freer trade, World Trade Orgainisation member countries have intensified…

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Q: Analytically discuss how Economies of Scale and Imperfect Competition describe contemporary trade.…

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Q: “Why are these theoretical concepts of absolute and comparative advantage important for countries as…

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Q: Discuss the pros and cons of free trade.

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Q: Case Study 1: Comparative Advantage and International Trade

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Q: State four arguments against free trade and describe why.

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Q: In which sector (s) or industries does United States specialises in?

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Q: Describe major trade and transaction theories of the firm in international markets.

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Q: With respect to international trade, specialization means that Multiple Choice each country consumes…

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Q: Explain the difference between Country based trade theories and Industry based Trade Theories.…

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Q: How does specialization increase production?

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