When Specialization According to Comparative Advantage Also Makes Economies of Scale

question 49

Multiple Choice

When specialization according to comparative advantage also makes economies of scale possible,

• A)costs will rise in all trading countries.
• B)trade is not beneficial to the country that has the absolute advantage in both goods.
• C)it will be beneficial for all trading countries to impose tariffs.
• D)the production possibilities boundaries of all trading countries will shift inward.
• E)there will be additional gains from trade.

Develop effective presentation skills, including the use of visuals and audience engagement techniques.

Identify and practice steps for effective speech preparation and delivery.

Critically evaluate the effectiveness of one's own and others' written work and presentations.

Understand the obligations and liability of parties involved in negotiable instruments.

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Definitions:

Interval Data

A type of data that is measured along a scale, where each point is placed at a specific distance from others, but there is no true zero point.

Histogram

A graphical representation of the distribution of numerical data, often showing the frequency of data intervals.

Interval Data

A type of numerical data where the order and the exact differences between the values matter, but there is no true zero point.

Classes

Groupings or categories into which data or objects are organized based on common characteristics or attributes.