International Trade Based on External Scale Economies in Both Countries

question 11

Multiple Choice

International trade based on external scale economies in both countries is likely to be carried out by

• A) a relatively large number of price competing firms.
• B) a relatively small number of price competing firms.
• C) a relatively small number of imperfect competitors.
• D) monopolists in each country.
• E) a large number of oligopolists in each country.

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Definitions:

Occupational Roles

Designations or positions held by individuals within a workplace, encompassing their responsibilities, duties, and the expectations of them in a professional setting.

Social Roles

The expected behaviors, rights, obligations, and norms associated with a particular social status or position in a group or society.

Kohlberg

Lawrence Kohlberg was a psychologist best known for his theory of stages of moral development.

Erikson

Erik Erikson was a developmental psychologist known for his theory on the psychosocial development of human beings, which postulates that individuals go through eight stages from infancy to adulthood, each accompanied by a specific psychological challenge.