Specialization and Trade Can _____ the Per-Unit Cost of Production

question 164

Multiple Choice

Specialization and trade can _____ the per-unit cost of production because _____ .

• A) decrease; it allows for more small-scale production.
• B) decrease; it creates economies of scale associated with large-scale production
• C) increase; it requires more expensive, specialized equipment
• D) increase; more expensive labor is needed.

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Definitions:

Primitive

Describing an early or original stage in development, or characteristics that are simple and not derived from anything else.

Structure of Limbs

The anatomical composition and arrangement of bones, muscles, and joints in the extremities of an organism.

Carbon Isotope

Carbon isotopes are variants of carbon atoms that differ in the number of neutrons, notably carbon-12, carbon-13, and carbon-14, where the latter is often used in radiocarbon dating to determine the age of archaeological samples.

Geological Events

Natural occurrences such as earthquakes, volcanic eruptions, and plate tectonics that shape the earth's surface and environment.