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true and false 1 The effects of external economies of scale in international trade may not be entirely beneficial to all countries. 2 Intraindustry trade

true and false

1

The effects of external economies of scale in international trade may not be entirely beneficial to all countries.

2

Intraindustry trade reflects the comparative advantage of the countries.

3

Economies of scale are stopping the countries producing the full range of products at home.

4

We cannot predict the precise pattern of intraindustry trade because this is often a result of history and randomness.

5

If a national market is large, there should be enough demand to enable producers to realise economies of scale for certain products.

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