Small countries might produce more of a particular good than their domestic citizens can consume
A) if they are willing to take a loss on the goods produced.
B) if there are increasing returns to scale and export of the surplus is possible.
C) when arbitrage is possible.
D) if they are producing seasonal products.
B
Economics
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Refer to the figure above. What is the domestic production of pens in Lithasia, after the economy opens up to free trade?
A) 6 units B) 12 units C) 16 units D) 22 units
Economics
Financing accounts receivable and inventory is known as
A) capital financing. B) working capital financing. C) long-term financing. D) equity financing.
Economics