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:

Assault

A deliberate action taken by an individual that causes someone else to fear immediate harmful or offensive physical interaction.

Coercive Persuasion

A psychological technique aimed at changing a person's beliefs or behaviors against their will through pressure and force.

Emotional Sympathy

The capacity to understand, share, and be affected by the feelings and emotions of another individual.

Unlawful Gambling

Participation in betting or wagering activities that are not authorized by law.