Which of the Following Reasons Explains Why Many Countries with Relatively

question 101

Multiple Choice

Which of the following reasons explains why many countries with relatively small populations import automobiles from Japan,U.S. ,and Germany rather than produce them domestically?

• A)Differences in resource endowments
• B)Economies of scale
• C)Differences in tastes
• D)Import quota
• E)Import tariffs

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Definitions:

Negative

A term used to describe values below zero, or situations characterized by absence or lack rather than presence or availability.

Pull-in Windings

Electromagnetic windings used in a solenoid or relay to initially attract and move the armature to the closed position.

Hold-in Windings

Windings in an electromagnetic device that maintain a magnetic field to keep a component, such as a relay or solenoid, in an activated state.

Cool Down Period

Cool down period refers to the time allowed for a machine, engine, or system to gradually return to ambient temperature after operation, to avoid stress or damage from abrupt temperature changes.