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Specialization and Trade Can _____ the Per-Unit Cost of Production

Question 164

Multiple Choice

Specialization and trade can _____ the per-unit cost of production because _____ .


A) decrease; it allows for more small-scale production.
B) decrease; it creates economies of scale associated with large-scale production
C) increase; it requires more expensive, specialized equipment
D) increase; more expensive labor is needed.

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