What is meant by constant opportunity costs

Reference no: EM13765534

Q1. What factors influence the rate of growth in the volume of world trade?

Q2. What is meant by constant opportunity costs and increasing opportunity costs? Under what conditions will a county experience constant or increasing costs?

Q3. How does the Leontief paradox challenge the overall applicability of the factor - endowment model?

Reference no: EM13765534

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