Increasing returns to scale means that
A) doubling all inputs leads to a more than proportional increase in output.
B) doubling all inputs leads to a proportional increase in output.
C) doubling all inputs leads to a less than proportional increase in output.
D) doubling all inputs leads to a decrease in output.
Correct Answer:
Verified
Q4: External economies refers to
A) an increase in
Q5: A developed and developing nation are most
Q6: Which of the following assumptions of the
Q6: Two developed nations are most likely to
Q7: When a nation has increasing returns to
Q10: Outsourcing refers to
A) the purchase of parts
Q11: Trade based on technological gaps is closely
Q12: Transport costs:
A) increase the price in the
Q13: International trade can be based on economies
Q14: Which of the following is an example
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