When an Industry Expansion Brings About Additional Specialization of Resources

question 70

Multiple Choice

When an industry expansion brings about additional specialization of resources, thus reducing production costs in that industry, we call this

• A)returns from specialization.
• B)external economies of scale.
• C)the law of demand.
• D)decreasing marginal costs.
• E)the law of increasing returns.

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Definitions:

Full Faith and Credit Clause

A clause in the United States Constitution requiring each state to recognize and respect the judicial decisions, public records, and legislative acts of every other state.

Defense of Marriage Act

A U.S. federal law enacted in 1996 that defined marriage for federal purposes as the union between one man and one woman, and allowed states to refuse to recognize same-sex marriages granted under the laws of other states.

Obergefell v. Hodges

A landmark Supreme Court case that ruled state-level bans on same-sex marriage unconstitutional, effectively legalizing same-sex marriage across the United States.

United States v. Windsor

A landmark 2013 Supreme Court case that struck down Section 3 of the Defense of Marriage Act (DOMA), granting same-sex marriages federal recognition.