Economies of Scale, Gained by Supplying More Than Just the Domestic

question 29

True/False

Economies of scale, gained by supplying more than just the domestic market, can drive down the costs of R&D, engineering and manufacturing.

---

Definitions:

Public Good

A commodity or service provided without profit to all members of a society, either by the government or a private individual or organization.

Communicable Disease

A communicable disease is an illness caused by specific infectious agents or their toxic products that can be transmitted from an infected individual to another.

Heart Bypass

A medical procedure that redirects blood flow around blocked or narrowed arteries in the heart to improve blood flow and oxygen supply to the heart muscle.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.