The dynamic gains from trade include all of the following EXCEPT
a. economies of large-scale production resulting in decreasing unit cost.
b. increased saving and investment resulting in economic growth.
c. increased competition resulting in lower prices and wider range of output.
d. increasing comparative advantage leading to specialization.
d. increasing comparative advantage leading to specialization.
You might also like to view...
To compute the probability that in a random sample of n elements, selected without replacement, we will obtain x successes, we would use the _____ probability distribution.
A. binomial B. Poisson C. hypergeometric D. exponential
Line item expenditures for which among the following products are more likely to remain
constant month after month? A) children's toys B) women's clothing C) industrial equipment D) consumer electronic goods
Omar asserts that a deal he entered into with Patty to sponsor and host a motivational conference for independent sales representatives is an unenforce-able contract. Defenses to the enforcement of a contract include
a. a desire not to perform. b. insufficient capital. c. preliminary indications of unsatisfactory results. d. the lack of a party's voluntary consent.
Rack jobbers
A. don't own the products they sell. B. apply their knowledge of the local market to many stores. C. are different from most wholesalers because they specialize in giving small retailers long-term credit. D. are full-service merchant wholesalers. E. All these answers are correct.