Question
The gains from trade None of the options 2. are smaller than the costs of adjustment. 3. are likely realized in the long run when
The gains from trade
- None of the options
2. are smaller than the costs of adjustment.
3. are likely realized in the long run when workers and firms have had the time to adjust to the new competitive environment.
4. are immediately realized in the short run, when governments drop protectionist policies.
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
