Question

A model of monopolistic competition developed by Avinash Dixit inspired the “New” theory of this process, which posits it is driven by increasing returns to scale. “Dumping” is a form of price discrimination associated with this process. Wassily Leontief developed his namesake paradox of this process while testing the Heckscher-Ohlin model. David (*) Ricardo theorized comparative advantage while studying this process. Mercantilism (10[1])accumulates profit through a one-sided form of this process. Protectionism creates (10[1])barriers (10[1])to this activity using quotas or tariffs. For 10 points, name this activity in which goods are exchanged by nations. ■END■

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