题目内容
The existence of exit barriers tends to delay the closing of inefficient firms that face international competitive disadvantages.
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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.
Complete specialization usually occurs under the assumption of increasing opporyunity costs.
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