Exam 7: External Economies of Scale and the International Location of Production

Restaurant meals are an example of a good and clothing is an example of a good.The pattern of interregional trade is determined primarily by .

The long- run market supply curve in the presence of internal economies of scale is ,and in the presence of external economies of scale,it is .

In the presence of external economies of scale,trade

When there are external economies of scale,an increase in the size of the market will

Internal economies of scale will average cost when output is by .

External economies of scale will average cost when output is by .

If two countries begin trade and both produce a product subject to internal economies of scale,then the country with the rate of production will production until it controls of the market.

If a firm's output doubles when all inputs are doubled,production is said to occur under conditions of

If some industries exhibit internal increasing returns to scale in each country,we should not expect to see

External economies of scale arise when the cost per unit