If Production Is Subject to Economies of Scale,_____

question 121

Multiple Choice

If production is subject to economies of scale,_____.

• A)countries can gain from trade if each nation specializes
• B)the domestic price will be above the world price and the quantity produced will be below the free trade level
• C)higher output levels result in higher average production costs
• D)every consumer gets to buy goods at their market-clearing prices
• E)autarky will be preferred to trade

---

Definitions:

Drops Out

Leaving a course of study or institution before completion.

Unemployed Classification

The categorization of individuals who are not currently working but are actively seeking employment and are available to start work.

Utilizes Skills

Refers to the effective use or application of individuals' abilities and competencies in professional or practical tasks.

Fashion Model

An individual employed to display clothing, accessories, or other fashion items by wearing them for the purpose of advertising or showcasing them in various media.