If countries have similar factors of production and similar productivities, most of their trade is likely to be intraindustry
Indicate whether the statement is true or false
TRUE
Economics
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Trade results from
A) comparative advantage. B) diminishing returns. C) self-sufficiency. D) absolute advantage.
Economics
In both the case of the CPA painting her house and the painter filing his taxes, what is the determining factor that causes them to use professional services? What is the benefit of this specialization?
What will be an ideal response?
Economics