What Might Result in the Absence of Trade, If Certain

question 121

Multiple Choice

What might result in the absence of trade, if certain products have small national markets?

• A) The variety of products available to consumers increases.
• B) Limited demand for such products leads to non-realization of economies of scale.
• C) Each nation will specialize in producing a narrower range of products than it would in the presence of trade.
• D) At low volumes of production, unit costs and prices would be lowered.
• E) The first movers in an industry may get a lock on the world market that discourages subsequent entry.

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Coping

Employing strategies or mechanisms to manage, endure, or adapt to stress and adversity.

Divorce

The formal ending of a marriage through a judicial or authoritative institution's decree.

Emotional Security

A state of feeling safe, stable, and free from fear or anxiety in emotional aspects.

Equilibrium

A state of balance or stability within various aspects of the natural world or human physiology and psychology.