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Міжнародна економіка [International Economics] [05182]
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Ricardian Model reflects:
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Neoclassical Theories are represented by:
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To benefit from specialization and free trade according to Ricardian model, one country should specialize and trade the good in which it is "most best" at producing, while another country:
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The Ricardian Model assumes that there are:
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According to Krugman and Deardorff new productive factor was added:
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A country has a comparative advantage in the production of a good if:
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Increasing returns to scale means:
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In the Heckscher-Ohlin theory it is important:
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New Trade Theory is represented by:
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The Ricardian model shows the possibility that an industry in a less developed country:
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