Multiple Choice
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 ________.
A) durable; nondurable; natural resources
B) consumer; style; population
C) nontraded; traded; external economies
D) nondurable; durable; natural resource
E) traded; nontraded; internal economies
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Internal economies of scale arise when the
Q19: The primary determinant of patterns of interregional
Q20: What is meant by "a cluster of
Q21: Internal economies of scale will _ average
Q22: External economies of scale arise when the
Q24: When there are external economies of scale,
Q25: If output is increased in the long
Q26: The long-run market supply curve in the
Q27: If some industries exhibit internal increasing returns
Q28: The study of factors that influence both