Multiple Choice
Which of the following suggests that by widening the market's size,international trade can permit longer production runs for manufacturers,which leads to increasing efficiency?
A) Economies of scale
B) Diseconomies of scale
C) Comparative cost theory
D) Absolute cost theory
Correct Answer:
Verified
Correct Answer:
Verified
Q23: According to the factor-endowment theory,a nation will
Q24: A larger variety of products results from
Q25: Because seasons in the Southern Hemisphere are
Q29: Chinese manufacturers face rising wages because of:<br>A)
Q32: A firm is said to enjoy economies
Q33: A product will be internationally traded as
Q54: According to the factor-endowment theory, international specialization
Q81: Explain how immigration and trade may worsen
Q89: In his test of the Heckscher-Ohlin model,
Q122: The Heckscher-Ohlin theory asserts that relative differences