Multiple Choice
What term refers to reductions in a firm's costs that result from an increase in the size of an industry?
A) Internal economies
B) External economies (agglomeration economies)
C) Autarkial dominance
D) Streamlining
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Why do domestic firms offshore production processes?
Q20: What is an 'open economy'?
Q21: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q22: Table 13.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 13.1
Q25: The process of countries becoming more open
Q26: What is absolute advantage?<br>A)The ability to produce
Q28: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q54: Which of the following statements is true?<br>A)All
Q179: The process of countries becoming more open
Q182: Free trade refers to trade between countries