While Comparative Advantage Is the Biggest Reason Many Nations Engage

question 155

Multiple Choice

While comparative advantage is the biggest reason many nations engage in trade,two other important reasons are

• A) economies of scale and increased competition.
• B) economies of scale and decreased competition.
• C) increased competition and increased production costs.
• D) increased production costs and access to smaller markets.
• E) decreased competition and access to smaller markets.

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Definitions:

Kaposi's Sarcoma

A type of cancer that causes patches of abnormal tissue to grow under the skin, in the lining of the mouth, nose, throat, and other organs; often associated with weakened immune systems.

Angiomas

Angiomas are benign tumors derived from blood vessels or lymph vessels, often appearing as red moles on the skin.

Measles

A highly contagious viral infection, characterized by fever, cough, and a distinctive rash.

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygen in the blood.