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briemert2013 briemert2013
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After Canada joined NAFTA in the early 1990s, Canada experienced increases in productivity and output in many export-oriented industries because of economies of scale and learning by doing. In these industries, theory tells us that the gains from trade led to

▸ downward shifts of the LRAC and short-run AC curves.

▸ downward movement (to the right) along the LRAC curve only.

▸ downward shifts of the LRAC curves and downward movements (to the right) along the LRAC curves.

▸ downward shifts in the long-run average cost (LRAC) curve.

▸ downward shifts of the LRAC and movements to the left along the LRAC curves.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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yoyoguyyoyoguy
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briemert2013 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kater28
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Yesterday
Thanks for your help!!
veronee_madison
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2 hours ago
Just got PERFECT on my quiz
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