Product Differentiation and Internal Economies of Scale Yield Gains from Trade

question 44

Multiple Choice

Product differentiation and internal economies of scale yield gains from trade in the form of

• A) higher profits and lower trade costs.
• B) lower production costs and a greater variety of goods.
• C) the proximity-concentration effect.
• D) the substitution of immigration for foreign direct investment.
• E) a proliferation of competitive firms.

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Definitions:

Directive Behaviors

Leadership actions that involve giving explicit instructions and directions to followers, typically focusing on task accomplishment.

Goal Accomplishment

The successful achievement or completion of specific objectives or targets.

Directive Leadership

Involves setting clear objectives, providing specific directions, and expecting compliance from team members.

Performance Standards

Benchmarks or expectations for employees' behavior and outcomes, used to measure their work quality and effectiveness.