The Opportunity to Exploit Economies of Scale Is One of the Gains

question 7

Multiple Choice

The opportunity to exploit economies of scale is one of the gains to be derived by removing tariffs and other trade distortions. These gains will be the result of a decrease in

• A) world prices of imports.
• B) the consumption distortion loss triangle.
• C) the production distortion loss triangle.
• D) international labor mobility.
• E) excessive entry and inefficient business practices.

---

Definitions:

Adaptive Ways

Strategies or methods that individuals or groups use to adjust to new conditions or environments in a beneficial manner.

Problem Specific

Pertaining directly to a particular issue or challenge, often implying a tailored or specialized approach to its resolution.

Social Informational

Relating to the process by which individuals acquire knowledge, attitudes, or behaviors through observing and interacting with others in their social environment.

Emotional Support

Assistance given to someone, typically providing reassurance, acceptance, and encouragement during times of stress.