Chat with AIExam 3: Sources of Comparative Advantage
Exam 1: The International Economy and Globalization71 Questions
Exam 2: Foundations of Modern Trade Theory: Comparative Advantage215 Questions
Exam 3: Sources of Comparative Advantage143 Questions
Exam 4: Tariffs162 Questions
Exam 5: Nontariff Trade Barriers164 Questions
Exam 6: Trade Regulations and Industrial Policies187 Questions
Exam 7: Trade Policies for the Developing Nations305 Questions
Exam 8: Regional Trading Arrangements164 Questions
Exam 9: International Factor Movements and Multinational Enterprises123 Questions
Exam 10: The Balance-of-payments156 Questions
Exam 11: Foreign Exchange206 Questions
Exam 12: Exchange Rate Determination199 Questions
Exam 13: Mechanisms of International Adjustment107 Questions
Exam 14: Exchange Rate Adjustments and the Balance-of-payments122 Questions
Exam 15: Exchange Rate Systems and Currency Crises168 Questions
Exam 16: Macroeconomic Policy in an Open-economy72 Questions
Exam 17: International Banking: Reserves, Debt, and Risk96 Questions
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According to the specific-factors theory,resources that are specific to import-competing industries tend to lose as a result of trade,while resources specific to export industries tend to gain as a result of trade.
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(37) Decreasing cost conditions lead to complete specialization in the production of the commodity of comparative advantage.
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(40) When transportation costs are added to our trade model,the degree of specialization in production between two countries increases as do the gains from trade.
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