Business, 31.03.2020 04:25, shaylasimonds6103
1. Study Question #1 Ch 7. Which of the following are major reasons for the skepticism of many developing nations regarding the comparative-advantage principle and free trade? Check all that apply. Transportation costs to advanced nation markets are often higher than the tariffs on the export goods. The existing pattern of trade and specialization has freed developing nations from their dependence on primary products, which has stabilized export markets and improved developing nations’ terms of trade. The existing pattern of trade and specialization has made developing nations dependent on primary products, which has led to unstable export markets and secularly declining terms of trade. Transportation costs to advanced nation markets are often lower than tariffs on exported goods.
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1. Study Question #1 Ch 7. Which of the following are major reasons for the skepticism of many devel...
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