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.Management Sciences
A. The stimulus of additional investment spending as market open
B. Economies of large scale production as markets open
C. Additional competition made possible by the opening of markets
D. All of the above
Related Mcqs:
- Absolute advantage is determined by ?
- A. actual differences in labor production between countries B. relative differences in labor productivity between countries C. Both (a) and (b) D. Neither (a) nor (b)...
- The opportunity cost of one DVD in South Korea is ?
- A. One-half ton of steel B. One ton of steel C. One and one-half tons of steel D. Two tons of steel...
- According to the principle of comparative advantage ?
- A. South Korea should export steel B. South Korea should export steel and DVDs C. Japan should export steel D. Japan should export steel and DVDs...
- If the relative Price (MRT) of T were to increase, then the price line would ?
- A. Shift out in a parallel fashion B. shift in a parallel fashion C. become steeper D. Become flatter...
- If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?
- A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...
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