An international producer is trying to centralize its R&D. This is consistent with it trying to
a. Set up a functional division
b. Take advantage of the economies of scale
c. Take advantage of the learning curve effect
d. All of the above
d
Economics
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Between which pair of countries or continents listed below has real GDP per person converged the most since 1960?
A) Canada and Japan B) United States and Africa C) United States and South America D) Canada and South America
Economics
What is a network externality?
A) It refers to a product that requires connection to a network for it to be useful. B) It refers to a situation in which a product's usefulness increases with the number of people using it. C) It refers to having a network of suppliers and buyers for a good or service. D) It refers to lobbying to form a public enterprise.
Economics