The concept of economies of scale relates to product specialization because
a. comparative advantage means exports produce profits.
b. increased exports of the same product produce cost efficiencies.
c. protectionist policies allow infant industries to become established.
d. of the Portugal/England model involving wine and cloth exports.
e. the basic-needs approach to development depends on the existence of both.
B
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The BRIC countries enhanced their power in relation to the United States as a result of the global financial crisis
Indicate whether this statement is true or false.
International law and international organization are two primary ways that world political entities try to ______.
a. create international security through cooperation b. empower a central authority to enforce agreements c. reduce the number of participants in global affairs d. spur global competition and technological innovation