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A(n) ------- Specializes in Medium- to High- Volume Production

question 46

Short Answer

A(n) ------- specializes in medium- to high- volume production and utilizes line or continuous processes.


Definitions:

Economic Theories

The principles and models that aim to explain how economies work and how economic agents interact.

Descriptive Economics

The branch of economics that focuses on describing the economies or economic events.

Post Hoc, Ergo Propter Hoc

A logical fallacy that suggests that if one event follows another, the first event must have caused the second.

Fallacy

A mistaken belief, especially one based on unsound argument or reasoning.

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