Multiple Choice
Consider the sources of the gains from international trade.Economies of scale and product differentiation can provide an explanation for
A) countries remaining at their autarkic positions.
B) countries trading in completely different products.
C) countries trading in similar products.
D) firms seeking government intervention to protect their industries.
E) firms seeking government approval of mergers.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: Consider the possibility of trade between countries.When
Q32: Suppose two countries each produce wool and
Q33: The diagram below shows the domestic demand
Q34: Suppose Canada's terms of trade rises from
Q35: The diagram below shows the domestic demand
Q37: Consider Canada's terms of trade.Canada is a
Q38: Australia exports wine to Canada,and Canada exports
Q39: The following production possibilities schedule shows the
Q40: The figure below shows Arcticland's annual production
Q41: The figure below shows Arcticland's annual production