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Concept check Terms of trade gains Increasing return to scale What is the difference between external economies of scale and internal economies of scale? Comparative
Concept check
- Terms of trade gains
- Increasing return to scale
- What is the difference between external economies of scale and internal economies of scale?
- Comparative advantage
- Absolute advantage
- Learning curve
- Infant industry protection
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
