Which of the Following Is NOT a Likely Result of Intraindustry

question 20

Multiple Choice

Which of the following is NOT a likely result of intraindustry trade based on internal economies of scale?

• A)Job creation at domestic firms entering international trade
• B)Lower prices for the domestic consumers of the product now being traded
• C)Increased sales and lower per unit costs for the firm doing the exporting
• D)Higher prices for the exported product

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Definitions:

Jean-Jacques Rousseau

An 18th-century Genevan philosopher, writer, and composer known for his influential ideas on education, society, and politics, which emphasize natural human goodness and the corrupting nature of civilization.

John Locke

A 17th-century English philosopher and political theorist known for his contributions to liberal theory and the concept of natural rights.

Organic Analogy

A concept where societies are compared to biological organisms, highlighting how different parts of a society must function together for overall health and survival.

Social Programs

Government-initiated policies and services designed to improve the welfare of the population, covering areas such as health, education, and social security.