If Two Countries Begin Trade and Both Produce a Product

question 13

Multiple Choice

If two countries begin trade and both produce a product subject to internal economies of scale,then the country with the ________ rate of production will ________ production until it controls ________ of the market.

• A) higher; increase; 100%
• B) higher; increase; 50%
• C) lower; increase; 100%
• D) lower; increase; 50%
• E) higher; decrease; 0%

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Definitions:

Civilize

The process or act of bringing a society to a stage of social, cultural, and moral development considered to be more advanced, often viewed critically as implying supremacy over other cultures.

Americanized

The process through which non-American cultures, practices, or individuals become assimilated or adapted to American customs and values.

European-American

An individual residing in the United States who has European ancestry or heritage.

Racial Democracy

A concept or belief in a society where racial equality has been achieved, often critiqued for masking underlying racial inequalities.