By Producing Its Products in Larger Volume Than Its Competitors,Omega

question 64

Multiple Choice

By producing its products in larger volume than its competitors,Omega is able to achieve substantial reductions in unit cost.Which of the following refers to Omega's advantage?

• A)location economies
• B)learning effects
• C)standardization economies
• D)core economies
• E)economies of scale

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Definitions:

Net Migration

Net effect of immigration and emigration on a particular population; expressed as an increase or decrease.

Demography

Study of the size, composition, distribution, and changes in human population.

United States Census

A nationwide survey conducted every ten years by the federal government to account for the population and gather demographic information used for various purposes, including political representation.

Population Growth

An increase in the number of individuals in a population, often measured by the birth rate minus the death rate plus net migration.