The United States and the European Union are groups of semi-independent states that have come together under an agreementwhereby resources can travel freely across borders and acommon currency is in use. Which of the following statementsbest explains how this allows for the achievement of economiesof scale?

Question

Quizplus · Accepted Answer

The adoption of large-scale production techniques will allow for lower per unit costs of production, which is a key factor in achieving economies of scale. This is facilitated by the free movement of resources across borders and the use of a common currency. Choices A, B, and D may also be true but are not the best explanation for achieving economies of scale in this context.

The United States and the European Union Are Groups of Semi-Independent