Solved: What factors influence the rate of growth in world trade, Microeconomics

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What factors influence the rate of growth in world trade

Assignment:

Discussion question one

What factors influence the rate of growth in the volume of world trade?

Discussion question two

What is meant by constant opportunity costs and increasing opportunity costs? Under what conditions will a county experience constant or increasing costs?

Discussion question 3
How does the Leontief paradox challenge the overall applicability of the factor - endowment model?

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Microeconomics: What factors influence the rate of growth in world trade

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