Intraindustry trade relies on
A) economies of scale.
B) the product cycle.
C) differences in factor endowments.
D) monopoly pricing.
A
Economics
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What condition must be satisfied so that society is producing the efficient mix of output? Why does this condition guarantee efficiency?
What will be an ideal response?
Economics
The fact that positive externalities may exist in education is not enough to justify government involvement. To justify government involvement, it must be shown that _____
a. the effect of the externalities are large b. the externalities are inframarginal c. people do not internalize the externalities d. education is an investment good
Economics