menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 29: International Trade
  5. Question
    When Economies of Scale Exist Over Wide Production Ranges, Countries
Solved

When Economies of Scale Exist Over Wide Production Ranges, Countries

Question 1

Question 1

Multiple Choice

When economies of scale exist over wide production ranges, countries that specialize in one product and trade excess units to other countries can


A) raise the quality of the product.
B) lower production of the product.
C) raise the price of the product.
D) lower average total costs of production.
E) increase revenues.

Correct Answer:

verifed

Verified

Related Questions

Q2: The equilibrating of the price of labor

Q3: The Food and Drug Administration's decision prohibiting

Q4: An implication of the Heckscher-Ohlin model is

Q5: Does comparative advantage occur only because of

Q6: Exhibit 30-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 30-1

Q7: With the implementation of the Uruguay Round,

Q8: The slope of the pre-trade production possibilities

Q9: Given that a tariff, quota, and VRA

Q10: The principle of comparative advantage<br>A)does not hold

Q11: Trade due to expanded markets differs from

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines