Question: Could you please answer question 5, thanks Question 5 (1 point) Which of the following should happen when a country opens up to trade with

Could you please answer question 5, thanks

Question 5 (1 point) Which of the following should happen when a country opens up to trade with another country in the internal economies of scale model with symmetric/identica firms? O marginal products of labour decrease due to increased usage of resources in production There will be fewer firms in the world post-trade, compared to the number of pre-trade firms in the two countries combined The number of firms/varieties avaiable to consumers increases The highest cost firms will be forced to exit More than one choice is correct

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.