That the division of labor is limited by the size of the market best applies to which explanation of trade ?

Related Mcqs:

Intra-industry trade theory ?

A. Explains why the United States might export autos and import clothing B. Explains why the United States might export and import differentiated versions of the same product such as different types of autos C. Assumes that transport costs are very low or do not exist D. ignores seasonal considerations for agricultural goods...

Difference in environmental standards or other government regulations among nations ?

A. have no impact on patterns of international trade B. have tended to make U.S steel companies more competitive internationally C. can affect production costs and thus alter comparative advantages and trade patterns D. have been eliminated by the nations participating in NAFTA...

According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?

A. technology B. advertising C. factor endowments D. both (a) and (c)...

_____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

A. Paul Samuelson’s B. Wolfgang Stolpher’s C. Staffan Linder’s D. Wassily Leontief’s...

Dynamic comparative advantage theory ?

A. helps explain why some nations use industrial policy to support potentially competitive new firms B. cannot explain strategic competition between firms such as Boeing and Airbus C. Is another name for Ricardo’s comparative advantage theory? D. None of the above...