Internal Economies of Scale Provide the Incentive for Countries to

question 17

Multiple Choice

Internal economies of scale provide the incentive for countries to

• A) specialize in a few products.
• B) manufacture a wider range of products.
• C) specialize in products that are in demand abroad.
• D) manufacture only a few units of products that are in demand.

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Definitions:

Secular Trend

A long-term trend or pattern observed in data, which is not influenced by seasonal, cyclical, or irregular factors.

Puberty

The developmental phase in which children mature sexually and physically into adults, marked by hormonal changes and growth.

Developed Countries

Nations with high levels of economic development, typically characterized by significant industrialization, a high standard of living, and advanced technological infrastructure.

Food-Insecure Families

Households that lack consistent access to enough food for every member to lead a healthy life, often due to economic hardship or instability.