Multiple Choice
Larger countries will trade more with one another; this is empirically supported by:
A) intra-industry trade.
B) increasing returns to scale.
C) the gravity equation.
D) the theory of comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q108: The gravity equation was tested and found
Q109: Which of the following describes the long-run
Q110: How do consumers benefit from trade among
Q111: NAFTA probably helped productivity in Mexico's maquiladora
Q112: A monopolistically competitive firm faces demand given
Q114: For a monopolistic competitor, marginal revenue at
Q115: Studies of U.S.-Canadian free trade have concluded
Q116: Which of the following was NOT a
Q117: Which of the following features is characteristic
Q118: In the long run, a monopolistically competitive