Because the Size of the Market Increases When Trade Barriers

question 76

Multiple Choice

Because the size of the market increases when trade barriers fall, companies can increase their production, which will result in lower costs per unit.This phenomenon is known as ________.

• A)trade creation
• B)economies of scale
• C)diseconomies of scale
• D)increased competition

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Definitions:

Neurotransmitter

Chemicals that transmit signals across a synapse from one neuron to another, influencing bodily functions such as mood, appetite, and sleep.

Exocytosis

The process by which cells release substances (such as neurotransmitters or hormones) to the exterior through fusion of vesicles with the plasma membrane.

Endocytosis

A cellular process in which substances are brought into the cell by engulfing them in an energy-using process.

Parallel After-discharge Circuit

A circuit configuration in neural networks that involves parallel paths with different lengths that can cause prolonged signal discharge.