A "static" gain resulting from the formation of the European Union or the U.S.-Mexico-Canada Trade Agreement would be O expanded size of the market due to trade, resulting in economies of large-scale production and decreasing unit cost. O outward shifts in a country's production possibilities frontier made possible by the discovery of new technologies. O facing lower priced, zero-tariff imports from members, consumers increase their demand for these goods, and new trade will be created O increased saving and investment resulting in capital accumulation and economic growth.
A "static" gain resulting from the formation of the European Union or the U.S.-Mexico-Canada Trade Agreement would be O expanded size of the market due to trade, resulting in economies of large-scale production and decreasing unit cost. O outward shifts in a country's production possibilities frontier made possible by the discovery of new technologies. O facing lower priced, zero-tariff imports from members, consumers increase their demand for these goods, and new trade will be created O increased saving and investment resulting in capital accumulation and economic growth.
Chapter18: International Trade And Comparative Advantage
Section: Chapter Questions
Problem 6DQ
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Transcribed Image Text:A "static" gain resulting from the formation of the European Union or the
U.S.-Mexico-Canada Trade Agreement would be
O expanded size of the market due to trade, resulting in economies of large-scale
production and decreasing unit cost.
outward shifts in a country's production possibilities frontier made possible by the
discovery of new technologies.
O facing lower priced, zero-tariff imports from members, consumers increase their
demand for these goods, and new trade will be created
O increased saving and investment resulting in capital accumulation and economic
growth.
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