A feasible effect of international trade is that a (an) ?

A. Monopoly in the home market becomes an oligopoly in the world market
B. Oligopoly in the home market becomes a monopoly in the world market
C. Purely competitive firm in the home market becomes an oligopolist
D. purely competitive firm in the home market becomes a monopolist

A main advantage of specialization results from ?

A. Economies of large-scale production
B. The specializing country behaving as a monopoly
C. Smaller production runs resulting in lower unit costs
D. High wages paid to foreign workers

The terms of trade measure ?

A. The income of one country compared to another
B. The GDP of one country compared to another
C. The quantity of exports of one country compared to another
D. Export prices compared to import prices

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