📊 International Economics
Q. A main advantage of specialization results from:
  • (A) Economics 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
💬 Discuss
✅ Correct Answer: (A) Economics of large scale production

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. If there is a decline in output, to keep the exchange rate fixed, the central bank has to:

Q. In international-trade equilibrium in the Heckscher-Ohlin model,

Q. Haberler reconstituted comparative advantage theory on the basis of ____

Q. Reducing a current account surplus requires a country to:

Q. To prevent the external value of its currency rising the government could:

Q. Balance of payments means:

Q. Free traders maintain that an open economy is advantageous in that it provides all of the following except:

Q. The burden of a current account deficit would be the least if a nation uses what it borrows to finance:

Q. Which of the following is international trade:

Q. A tariff is:

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play

📊 Question Analytics

👁️
201
Total Visits
📽️
1 y ago
Published
🎖️
Vikash Gupta
Publisher
📈
85%
Success Rate