What is the so-called home-market effect? Which of the following statements on the home market effect are true? а. Countries with a large (and possibly older) domestic market for a particular commodity are more likely to be only importers of the commodity, but they only very rarely turn into sufficient exporters. b. Countries with a large (and possibly older) domestic market for a particular commodity are more likely to have become exporters of such a commodity too. С. Countries with large domestic markets are become exporters of industrial commodities, while smaller nations focus on services and agriculturel d. The home-market effect is a special condition under which the WTO tolerates the introduction of new tariffs.

What is the so-called home-market effect? Which of the following statements on the home market effect are true? а. Countries with a large (and possibly older) domestic market for a particular commodity are more likely to be only importers of the commodity, but they only very rarely turn into sufficient exporters. b. Countries with a large (and possibly older) domestic market for a particular commodity are more likely to have become exporters of such a commodity too. С. Countries with large domestic markets are become exporters of industrial commodities, while smaller nations focus on services and agriculturel d. The home-market effect is a special condition under which the WTO tolerates the introduction of new tariffs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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