Because of Substantial Economies of Scale,the ______Rgues That in Many

question 43

Multiple Choice

Because of substantial economies of scale,the ______rgues that in many industries there are increasing returns to specialisation.

• A)Leontief paradox
• B)product life-cycle theory
• C)new trade theory
• D)Heckscher-Ohlin theory

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Definitions:

Halo Effects

A cognitive bias whereby the perception of one positive characteristic of an individual or thing influences the overall perception of that entity.

Age Stereotypes

Preconceived notions and generalized beliefs about individuals or groups based on their age, often resulting in discrimination or biased treatment.

Challenging Jobs

Positions that require a high level of skill or effort and provide a substantial degree of personal satisfaction upon achievement.

Lack Creativity

A situation or condition where there is an absence of originality, innovation, or novel ideas.