Solved

One of the Outcomes of Specialization Is That It Leads

Question 216

Multiple Choice

One of the outcomes of specialization is that it leads to _____, which _____ the average cost of production.

A) smaller-scale production; lowers
B) smaller-scale production; raises
C) larger-scale production; raises
D) larger-scale production; lowers

Related Questions

Q42: What are the three major benefits of

Q211: Two countries that specialize where they have

Q212: Trade tends to:<br>A) increase wages in developed

Q213: Use the following to answer questions:<br>Figure: PPF

Q214: James and Linda must prepare a presentation

Q215: Use the following to answer questions:<br>Figure: PPF

Q217: Gains from trade are largest when two

Q218: Globalization is the advance of human cooperation

Q220: Iceland produces two goods: Viking hats (Y)

Q221: Use the following to answer questions:<br>Figure: Sofas