In the presence of external economies of scale, trade
A) may or may not improve welfare in both countries.
B) will unambiguously improves welfare in both countries.
C) will unambiguously worsens welfare in both countries.
D) will unambiguously worsen welfare in the exporting country and improve welfare in the importing country.
E) will unambiguously improve welfare in the exporting country and worsen welfare in the importing country.
A
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Too few resources are devoted to the creation of knowledge because profit-seeking firms
a. undervalue knowledge in their pursuit of revenues. b. overuse their patents. c. tend to free-ride on the knowledge that others have developed. d. tend to rely on existing employee knowledge.
Why are human resources limited?
A. Some people are unable to work. B. New equipment is expensive. C. Countries lack needed technology. D. World population continues to grow.