Which of the Following Is FALSE

question 39

Multiple Choice

Which of the following is FALSE?

• A)Economies of scale may be internal, external, or both.
• B)With internal economies of scale, the gains from trade include a wider selection of consumer choices and lower prices.
• C)With external economies of scale, the gains from trade are less certain since, in theory, they can lock in production in a less efficient country and prevent the development of production in a more efficient country.
• D)Internal economies of scale lead firms to regionally concentrate their industry.

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Definitions:

Sum of Squares

A statistical method that measures the variation within a dataset by summing the squared differences between each data point and the mean of the dataset.

High-Performance Work System

An organizational approach that integrates people, technology, and processes to maximize productivity and competitiveness.

Productivity

A measure of efficiency, often quantified as the ratio of outputs to inputs in the production process.

Efficiency

The ratio of the useful output produced by a system to the input provided, measuring the system's ability to optimize resources.