"Economies of Scale" Means That

question 331

Multiple Choice

"Economies of scale" means that:

• A) as a company produces larger numbers of a particular product, the cost of each unit of the product goes down.
• B) the more producers there are in an economy the greater the need for intermediaries.
• C) larger countries enjoy more economic growth than smaller countries.
• D) as a company produces larger numbers of a particular product, the total cost of producing these products goes down.

---

Definitions:

Certificate Programs

Educational programs that provide specialized training and certification in specific fields or professions.

Substantive Law

The set of laws that governs how members of a society are to behave, defining rights and responsibilities in civil law as opposed to procedural or administrative law.

Legal Rights

Entitlements granted by the law to individuals, allowing them to perform certain actions or to be protected against certain actions by others.

Legal Obligations

Duties enforced by law that require individuals or entities to act in a specified manner, often under penalty for failure to comply.