Solved

Which of the Following Is True of a World Without

Question 105

Multiple Choice

Which of the following is true of a world without trade that has industries where economies of scale are important?


A) The variety of goods that a country can produce and the scale of production are limited by the size of the market.
B) Each nation will specialize in producing a narrower range of products than it would in the presence of trade.
C) Each nation can simultaneously increase the variety of goods available to its consumers and lower the costs of those goods.
D) The absence of trade is mutually beneficial because it allows for the specialization of production.
E) The first movers in an industry may get a lock on the world market that discourages subsequent entry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents