While Comparative Advantage Is the Biggest Reason Many Nations Engage

question 155

Multiple Choice

While comparative advantage is the biggest reason many nations engage in trade,two other important reasons are

• A) economies of scale and increased competition.
• B) economies of scale and decreased competition.
• C) increased competition and increased production costs.
• D) increased production costs and access to smaller markets.
• E) decreased competition and access to smaller markets.

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Definitions:

Anesthetic Agents

Substances used to induce anesthesia, typically causing a temporary loss of sensation or awareness.

Puncture-resistant Container

A type of secure container designed to safely dispose of needles, scalpels, and other sharp medical instruments.

Facial Abrasions

Scratches or scrapes on the surface of the skin, usually on the face, caused by injury.