Preference Similarity Explains Why

question 77

Multiple Choice

Preference similarity explains why:

• A)monopoly power has grown tremendously.
• B)low cost producers can still enjoy economies of scale.
• C)profits are at an all-time high in the industrialized world.
• D)intra-industry trade has grown tremendously among the industrialized countries with similar income levels.
• E)comparative advantage theory works best in third world countries.

---

Definitions:

Transfer of Training

The effective application of skills, knowledge, or behaviors learned in one context to another, aiming to improve job performance or solve problems.

Mitigate

To lessen or try to lessen the severity or seriousness of something.

Strategies

Plans of action designed to achieve a long-term or overall aim, often involving multiple steps or tactics.

Horizontal Transfer

The movement or application of skills and knowledge across similar tasks or contexts at the same level of complexity.