Because of Substantial Economies of Scale,the __________ Theory Argues That

question 85

Multiple Choice

Because of substantial economies of scale,the __________ theory argues that in many industries there are increasing returns to specialization.

• A) Leontief's paradox
• B) product life-cycle
• C) new trade
• D) Heckscher-Ohlin
• E) Porter

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Definitions:

Oral Evidence

Testimony given by a witness in court or during a legal proceeding that is spoken and not written.

Written Contract

A legally binding agreement between two or more parties that is put in writing and signed by the parties.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.

Land Leases

Agreements in which landowners allow tenants to use their land for a specified period and conditions, without transferring ownership.