Which of the Following Suggests That by Widening the Market's

question 62

Multiple Choice

Which of the following suggests that by widening the market's size, international trade can permit longer production runs for manufacturers, which leads to increasing efficiency?

• A) economies of scale
• B) diseconomies of scale
• C) comparative cost theory
• D) absolute cost theory

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Definitions:

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The process by which memories are altered over time, often becoming distorted or modified in the recall process.

Phenomenon

An observable event or occurrence, especially one that is unusual, noteworthy, or scientifically interesting.

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Acetylcholine

A neurotransmitter in the nervous system that plays a critical role in the function of the brain and muscles.