When Concentrating Production in a Few Locations, Which of the Following

question 93

Multiple Choice

When concentrating production in a few locations, which of the following can allow a manufacturer to lower unit costs, boost quality, or master a new technology more quickly?

• A)significant scale economies
• B)learning-curve effects
• C)superior resources
• D)profit sanctuaries
• E)supporting industries

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Definitions:

Double-blind Studies

Research designs in which neither the participants nor the experimenters know who is receiving a particular treatment, reducing biases.

Placebo Effect

The phenomenon in which a person's condition appears to improve after taking a placebo, a treatment that has no therapeutic effect, due to the individual's belief in the treatment's efficacy.

Experimenter Effect

A phenomenon where the biases or expectations of the experimenter inadvertently influence the outcome of an experiment.

Random Assignment

A method used in experiments to evenly distribute participants across various groups, ensuring that each has an equal chance of being assigned to any group.