If Some Industries Exhibit Internal Increasing Returns to Scale in Each

question 27

Multiple Choice

If some industries exhibit internal increasing returns to scale in each country, we should not expect to see

• A) intra-industry trade between countries.
• B) high levels of specialization in both countries.
• C) inter-industry trade between countries.
• D) perfect competition in these industries.
• E) increased productivity in both countries.

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Definitions:

Survey Results

The collected data or findings from questionnaires designed to gather information on a specific topic or opinion.

Downward Communication

The flow of information from higher levels of organizational hierarchy (like managers) to lower levels (like employees).

Horizontal Communication

Information exchange between individuals or departments at the same level within an organization, aimed at coordinating tasks and activities.

Policy Decision

A choice made by a governing body or organization that sets a direction or action based on certain principles or objectives.