Which of the Following Is Not a Reason for International

question 121

Multiple Choice

Which of the following is not a reason for international specialization?

• A)some countries have educated, trained workers, while other countries have unskilled workers
• B)tastes and preferences tend to be different in different countries
• C)economies of scale can allow larger, specialized producers to operate at lower average cost
• D)mineral resources are often concentrated in particular countries
• E)the world price of a good is determined by the world supply and demand for it

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Definitions:

Upper Control Limit

The upper threshold in control charts beyond which indicates that a process is out of control.

P Chart

A type of control chart used for monitoring the proportion of defectives in a process.

Assignable Variation

Specific alterations in a process caused by identifiable factors, rather than by random fluctuations.

Standard Errors

A measure of the statistical accuracy of an estimate, indicating how much sample statistics vary from the actual population parameter.