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Basic Question 3 of 3
Which effect of open trade policy, according the endogenous models, benefits less advanced countries?
B. Scale effect.
C. Backwardness effect.
A. Selection effect.
B. Scale effect.
C. Backwardness effect.
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Learning Outcome Statements
describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved.
CFA® 2025 Level II Curriculum, Volume 1, Module 9.