(Solved): QUESTION 6 Rodrik Argues That International Trade Involves Higher Transaction Costs Than Doing Busin ...
QUESTION 6 Rodrik argues that international trade involves higher transaction costs than doing business domestically because (PICK ALL THAT APPLY) [Rodrik, pages 19-20) There is an absence of overarching international institutions to lower transaction costs International trade always happens over longer distances than domestic trade Domestic governmental institutions often raise transaction costs for international trade Operating across two different sets of domestic institutions is hard, even when those domestic institutions are designed to lower transaction costs inside countries