Which of the Following Results in International Specialization

question 99

Multiple Choice

Which of the following results in international specialization?

• A) differing consumer tastes
• B) diseconomies of scale in production
• C) a high world price for a good
• D) diminishing returns to a variable factor of production
• E) differences in the benefits that consumers and producers get from the exchange of goods and services

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Definitions:

Likes

Expressions of approval or favor towards something or someone, often used in the context of social media interactions.

Dislikes

Negative feelings or aversions individuals have towards specific objects, people, or situations.

Impression Management

The process by which people attempt to control or manipulate the perceptions others have of them, often to appear favorable or competent.

Reinforcement Schedule

A plan or pattern that dictates the timing and frequency of reinforcing consequences in order to modify behavior.