Industries in which economies of large-scale production are important（ ）。
A: tend to not participate in international trade.
B: provide additional cost incentives for specialization and trade.
C: reduce the potential gains from trade.
D: encourage each nation to produce a full range of products within such industries.
A: tend to not participate in international trade.
B: provide additional cost incentives for specialization and trade.
C: reduce the potential gains from trade.
D: encourage each nation to produce a full range of products within such industries.
举一反三
- Assume that the United States and Canada engage in trade. If the international terms of trade coincides with the Canadian cost ratio, the United States realizes all of the gains from trade with Canada.
- Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in() A: monopolistic competition. B: inter-industry trade. C: intra-industry trade. D: Heckscher-Ohlin trade. E: None of the above.
- International trade is in principle not different from domestic trade.The main difference is that international trade is typically more （） than domestic trade.
- If the U.S.(a large country) imposes a tariff on its imported good, this will tend to() A: have no effect on terms of trade. B: improve the terms of trade of all countries. C: improve the terms of trade of the S. D: cause a deterioration of S. terms of trade.
- If the U.S. (a large country) imposes a tariff on its imported good, this will tend to ____________. A: cause a deterioration of U.S. terms of trade. B: have no effect on terms of trade. C: improve the terms of trade of all countries. D: improve the terms of trade of the United States.