Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540 

Which of the following is a major argument of trade optimists?

(a) Industrial policy can increase productivity of developing country manufacturing efficiency. (b) New synthetic substitutes are constantly being discovered and improved. (c) Developing country efficiency would improve with trade liberalization. (d) All of the above.

Even if some people are hurt by international trade, the HO model predicts that free international trade improves the standard of living for the country as a whole

Indicate whether the statement is true or false