Specialization and trade can _____ the per-unit cost of production because _____ .
A) decrease; it allows for more small-scale production.
B) decrease; it creates economies of scale associated with large-scale production
C) increase; it requires more expensive, specialized equipment
D) increase; more expensive labor is needed.
Correct Answer:
Verified
Q2: Economic growth in the modern era is
Q3: The United States and the European Union
Q4: The main reason why specialization can raise
Q5: If each of us had to grow
Q6: David sells his car, which he considers
Q7: One of the outcomes of specialization is
Q8: Each of 100 people receives a random
Q9: Which of the following is least likely
Q10: Knowledge increases _ and specialization _ total
Q11: eBay creates value by:
A) helping sellers trick
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