The Opportunity to Exploit Economies of Scale Is One of the Gains

question 20

Multiple Choice

The opportunity to exploit economies of scale is one of the gains to be derived by removing tariffs and other trade distortions.These gains will be the result of a decrease in

• A)international labor mobility.
• B)world prices of imports.
• C)the production distortion loss triangle.
• D)excessive entry and inefficient business practices.
• E)the consumption distortion loss triangle.

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Definitions:

Yerkes-Dodson Law

A theory that suggests there is an optimal level of arousal for the best performance on any task; too little or too much arousal can decrease performance.

REM

Rapid Eye Movement, a phase of sleep characterized by fast and random movement of the eyes, associated with dreaming.

NREM

Non-Rapid Eye Movement sleep, which is characterized by slower brain waves and serves as a period of rest and recovery for the body.

REM Sleep

A phase of sleep characterized by rapid eye movement, during which dreaming frequently occurs and the body undergoes increased brain activity.