Evaluate the merits of the following statement: “Trade based on comparative advantage involves benefits in a two-country world where the countries in question are dissimilar, while trade based on internal economies of scale is mutually beneficial when trading partners are similar.” Why does trade based on external economies of scale deliver ambiguous effects? Explain your answer.
What is Timelyhomework
It is a custom writing service that is popular among students and has existed for over ten years. Thus, we have the right experience and skills to deliver ideal academic content for our clientele.
+1 (916) 407-2506