When a Smaller Country with Fewer Resources Specializes Its Production

question 6

Multiple Choice

When a smaller country with fewer resources specializes its production and gains access to larger,international markets,this can create

• A) a smaller distribution network.
• B) increased per-unit costs.
• C) decreased sales.
• D) economies of scale.
• E) inefficiencies.

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Definitions:

Socially Responsible

Acting with consideration for the social and environmental impact of one's decisions and actions on the wider community.

Problem Solving

The process of identifying solutions to specific challenges or obstacles.

Interpersonal Relationships

Connections or associations between two or more people that may vary in duration and significance.

Emotional Self-awareness

The ability to recognize and understand one's own emotions and their effects on thoughts and behavior.