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Basic Question 3 of 3
Which effect of open trade policy, according the endogenous models, benefits less advanced countries?
B. Scale effect.
C. Backwardness effect.
A. Selection effect.
B. Scale effect.
C. Backwardness effect.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved.
CFA® 2025 Level II Curriculum, Volume 1, Module 9.