Select the Word or Phrase That Best Matches the Definition

question 11

Multiple Choice

Select the word or phrase that best matches the definition or example.
-The "Roman peace," a term typically used to denote the stability and prosperity of the early Roman Empire,especially in the first and second centuries C.E.

• A)Persian Empire
• B)Athenian democracy
• C)Greco-Persian Wars
• D)Alexander the Great
• E)Hellenistic era
• F)Augustus
• G)Pax Romana
• H)Qin Shihuangdi
• I)Han dynasty
• J)Trung Trac
• K)Kushan Empire
• L)Mauryan Empire
• M)Ashoka

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Definitions:

Learning-by-doing

An economic concept that suggests productivity and efficiency improve through practice and the accumulation of experience.

Spreading the Overhead

The practice of distributing fixed costs over a variety of products, projects, or business units to ensure efficiency and reduce the overall cost per unit.

Economies of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.

Diseconomies of Scale

This occurs when a company grows so large that the costs per unit increase.