Countries trade with each other because they are _______ and because of ______
A: different, costs
B: similar, scale economies
C: different, scale economies
D: similar, costs
A: different, costs
B: similar, scale economies
C: different, scale economies
D: similar, costs
举一反三
- The “lemons problem” exists because of A: transactions costs B: economies of scale C: asymmetric information D: rational expectations
- In the long run Firm A incurs total costs of $1,200 when output is 30 units and $1,600 when output is 40 units. Firm A exhibits_________. A: constant returns to scale because average total cost is constant as output rises B: diseconomies of scale because total cost is rising as output rises C: economies of scale because average total cost is falling as output rises D: diseconomies of scale because average total cost is rising as output rises
- It's called if a manafacturer achieves lower costs due to the enlarged production capacity of the whole industry. A: internal economies of scale B: externaleconomies of scale C: overlapping demand
- Because of substantial economies of scale, the _____ theory argues that trade can increase the variety of goods available to consumers. A: absolute advantage B: technological gap C: new trade D: factor endowments
- A dynamic welfare gain resulting from the formation of the European Union would be: A: Trade diversion B: Trade craetion C: Diseconomies of scale D: Economies of scale