Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?
A)Diseconomies of scale in production for the domestic market
B)A larger-than- average service sector
C)A larger-than-average manufacturing sector
D)Economies of scale in production for the world market

Question

Quizplus · Accepted Answer

Economies of scale in production for the world market means that the cost per unit of production decreases as the level of production increases. This enables countries to produce goods at a lower cost, making their exports more competitive in the global market. This encourages export growth, which can contribute to faster overall economic growth.

Which of the Following Economic Conditions Cause Export Growth to Be