Solved

One Advantage of the Specialization That Results from International Trade

Question 17

Multiple Choice

One advantage of the specialization that results from international trade is that countries can take advantage of

A) scale economies.
B) production diversification
C) smaller countries.
D) taste reversals.
E) lower transport costs.

Related Questions

Q1: Why are increasing returns to scale and

Q2: If the firms in a market have

Q7: External economies of scale will _ average

Q13: If two countries begin trade and both

Q15: Restaurant meals are an example of a

Q17: Is it possible for an equilibrium that

Q18: The learning curve describes the _ relationship

Q25: If output is increased in the long

Q28: The study of factors that influence both

Q36: If a firm's output doubles when all