Multiple Choice
Should international transportation costs decrease,the effect on international trade would include:
A) An increase in the volume of trade
B) A smaller gain from trade
C) A decline in the income of home producers
D) A decrease in the level of specialization in production.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: According to the product life cycle theory,
Q32: A firm is said to enjoy economies
Q33: A product will be internationally traded as
Q34: Classical trade theory emphasized which of the
Q35: The Heckscher-Ohlin theory emphasizes the role that
Q36: In the factor-endowment model,the production possibility curve
Q39: The factor endowment theory assumes<br>A) Same tastes
Q42: The simultaneous import and export of computers
Q99: By widening the size of the domestic
Q133: The factor-endowment theory highlights the relative abundance