A developing nation can gain from trade because it gets better access to the greater variety of goods produced abroad. True or False? Give your way
Answers
Answered by
2
Answer:
Exports: The Economic Impacts of Selling Goods to Other Countries. Exporting is a form of international trade which allows for specialization, ..
Answered by
3
Answer:
a) A developing nation can gain from international trade because it can take advantage of increasing returns to scale due to being able to produce larger amounts of the particular good.
b) A developing nation can gain from international trade because it subjects its producers to greater competition.
c) A developing nation will lose in international trade because it subjects its producers to greater competition.
d) A developing nation can gain from trade because it gets better access to the greater variety of goods produced abroad.
Similar questions