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Economics Mcqs
Q
Boeing aircraft company was able to over its production costs of the first – jumbo jetll in the seventies because Boeing could market it to several foreign airlines in addition to domestic airlines. This illustrates ?
AA. How economies of scale make possible a larger variety of products in international trade
BB. A transfer of wealth from domestic consumer to domestic producer as the result of trade
CC. How a natural monopoly is forced to behave more competitively with international trade
DD. How a natural monopoly is forced to behave less competitively with international trade
Correct Answer:
A. A. How economies of scale make possible a larger variety of products in international trade
