Trade Increases Production Partly by Taking Advantage Of

question 54

Multiple Choice

Trade increases production partly by taking advantage of:

• A) economies of scale.
• B) economies of scope.
• C) realism.
• D) pluralism.

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Definitions:

Downsizing

A reduction in a company's workforce to improve its financial performance or adapt to market conditions.

EEOC

The Equal Employment Opportunity Commission (EEOC) is a federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.

FMLA

The Family and Medical Leave Act is a U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Obligations

Duties or commitments that an individual or organization is bound to perform, often under the terms of a contract or law.