题目内容
With increasing opportunity costs, comparative advantage depends on a nation's supply conditions and demand conditions; with constant opportunity costs, comparative advantage depends only on demand conditions.
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The existence of exit barriers tends to delay the closing of inefficient firms that face international competitive disadvantages.
The basic idea of mercantilism was that wealth consisted of the goods and services produced by a nation.
According to Adam Smith, international trade was a "win-win" situation since all nations could enjoy gains from trade.
The price-specie-flow mechanism illustrated why one nation's gains from trade were accompanied by another country's losses.
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