One advantage of the specialization that results from international trade is that countries can take advantage of
A) scale economies.
B) taste reversals.
C) production diversification
D) smaller countries.
E) lower transport costs.
Correct Answer:
Verified
Q1: External economies of scale often arise because
Q2: What is meant by "a cluster of
Q4: If a firm's output more than doubles
Q5: External economies of scale will _ average
Q6: If a scale economy is the dominant
Q7: External economies of scale arise when the
Q8: Internal economies of scale arise when the
Q9: The existence of external economies of scale
A)
Q10: If some industries exhibit internal increasing returns
Q11: Why is it that if an industry
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