The Concentration of Production Is Favored When All of the Following

question 21

Multiple Choice

The concentration of production is favored when all of the following factors are high except

• A)fixed costs.
• B)minimum efficient scale.
• C)value-to-weight ratio.
• D)trade barriers.

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Definitions:

Unintentionally

Performing actions or making decisions without conscious planning or purpose.

Ethnocentric

Holding the belief that one's own culture, nation, or ethnicity is superior to others.

Apathetic

Showing or feeling no interest, enthusiasm, or concern; a lack of emotion or passion.

Double-Checking

The practice of verifying accuracy or completeness of information, work, or calculations more than once to ensure correctness.