Large Countries Have an Advantage Over Small Countries in Technology-Intensive

question 22

Multiple Choice

Large countries have an advantage over small countries in technology-intensive and capital-intensive industries,because:

• A)They can influence the rest of the world's technical standards
• B)Small markets discourage ambition among the firms that serve them
• C)A large home market allows exploitation of scale economies in facilities and product development
• D)Large countries tend to have superior educational systems

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Definitions:

Debits and Credits

The fundamental elements of accounting that represent the entries made in accounts to reflect increases or decreases in balances.

Memorized Transactions

Transactions that are saved in the accounting system for future use, allowing for quick recording of recurring expenses, invoices, or payments.

Saved Transactions

Transactions that have been recorded and stored in a financial system for future reference or use.

Vendors and Expenses

Categories within accounting that track and manage the costs incurred from purchasing goods or services from suppliers.