If Production Is Subject to Economies of Scale

question 81

Multiple Choice

If production is subject to economies of scale,

• A)countries can gain from trade if each nation specializes
• B)one country will develop an absolute advantage in the production of all goods
• C)higher output levels result in higher average production costs
• D)one country will develop a comparative advantage in the production of all goods
• E)countries cannot gain from trade

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Definitions:

Behavior Rating Scale

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Checklist

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Criteria or standards used to make a decision or judgment, such as selecting candidates for a job based on their qualifications.

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