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.Management Sciences
A. Economies of large-scale production
B. The specializing country behaving as a monopoly
C. Smaller production runs resulting in lower unit costs
D. High wages paid to foreign workers
Related Mcqs:
- The real income of domestic producers and consumers can be increased by ?
- A. Technological progress, but not international trade B. International trade but not technological progress C. Technological Progress and international trade D. Neither technological progress nor international trade...
- The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?
- A. Ricardo Malthus theorem B. Heckscher Ohlin theorem C. Lucas-Laffer theorem D. Friedman Samuelson theorem...
- An optimal tariff is one which reduces imports to the level at which ____ equals ____?
- A. imports, exports B. the balance of trade, zero C. The demand for currency the supply of currency D. social marginal cost, social marginal benefit...
- One of the main advantages of trade economists suggest is ?
- A. technological change B. competitions with foreign suppliers C. development of tourism D. lower tariffs...
- If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?
- A. a quota B. dumping C. a tariff D. an export subsidy...
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