Please correct and incorrect answer explanation Countries that restrict foreign trade are likely to a. have more firms with domestic market power. b. forgo the additional surplus that trade allows, but will be compensated by a higher rate of technological change. c. forgo the additional surplus that trade allows, but will have a lower rate of unemployment. d. forgo the additional surplus that trade allows, but will probably enjoy economies of scale. Note:- Please don't simply copy and paste content from other AI tools or bots, or else I may have to downvote your actions. Do not provide the handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely.
Please correct and incorrect answer explanation
Countries that restrict foreign trade are likely to
| a. |
have more firms with domestic market power. |
|
| b. |
forgo the additional surplus that trade allows, but will be compensated by a higher rate of technological change. |
|
| c. |
forgo the additional surplus that trade allows, but will have a lower rate of |
|
| d. |
forgo the additional surplus that trade allows, but will probably enjoy economies of scale. |
Note:- Please don't simply copy and paste content from other
Do not provide the handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
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