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When specialization according to comparative advantage also makes economies of scale possible,

edehghany

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When specialization according to comparative advantage also makes economies of scale possible,

When specialization according to comparative advantage also makes economies of scale possible,

▸ the production possibilities boundaries of all trading countries will shift inward.

▸ there will be additional gains from trade.

▸ trade is not beneficial to the country that has the absolute advantage in both goods.

▸ it will be beneficial for all trading countries to impose tariffs.

▸ costs will rise in all trading countries.

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Microeconomics

Edition: 17^th

Author: Ragan

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alexisgardner09

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More solutions for this book are available here

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edehghany Author

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A year ago

Thank you, thank you, thank you!

patod1

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Correct

gefa

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Brilliant ツ

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