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Quiz

IE Chapter 7

ulckapatel 30 perguntas

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Perguntas do quiz (30)

  1. 1If a firm's output more than doubles when all the inputs are doubled, production is said to occur under conditions of
    1. Aincreasing returns to scale.
    2. Bimperfect competition.
    3. Cintra-industry equilibrium.
    4. Dconstant returns to scale
    5. Edecreasing returns to scale
  2. 2One advantage of the specialization that results from international trade is that countries can take advantage of
    1. Ascale economies
    2. Bproduction diversification
    3. Csmaller countries.
    4. Dtaste reversals.
    5. Elower transport costs.
  3. 3If a firm's output doubles when all inputs are doubled, production is said to occur under conditions of
    1. Aconstant returns to scale
    2. Bincreasing returns to scale.
    3. Cimperfect competition.
    4. Dintra-industry equilibrium.
    5. Edecreasing returns to scale.
  4. 4If a firm's output less than doubles when all inputs are doubled, production is said to occur under conditions of
    1. Aincreasing returns to scale.
    2. Bimperfect competition.
    3. Cintra-industry equilibrium.
    4. Dconstant returns to scale
    5. Edecreasing returns to scale
  5. 5The existence of external economies of scale
    1. Amay be associated with a perfectly competitive industry
    2. Bcannot be associated with a perfectly competitive industry.
    3. Ctends to result in one huge monopoly.
    4. Dtends to result in large profits for each firm.
    5. Efocuses more on individual firms than the industry as a whole.
  6. 6The existence of internal economies of scale
    1. Acannot be associated with a perfectly competitive industry
    2. Bmay be associated with a perfectly competitive industry.
    3. Cis associated only with sophisticated products such as aircraft.
    4. Dcannot form the basis for international trade.
    5. Efocuses more on the industry than individual firms.
  7. 7When there are external economies of scale, an increase in the size of the market will
    1. Aincrease the number of firms and lower the price per unit.
    2. Bincrease the number of firms and raise the price per unit.
    3. Cdecrease the number of firms and raise the price per unit.
    4. Ddecrease the number of firms and lower the price per unit.
    5. Enot affect the number of firms, but will lower the price per unit.
  8. 8If some industries exhibit internal increasing returns to scale in each country, we should not expect to see
    1. Aperfect competition in these industries
    2. Bintra-industry trade between countries.
    3. Cinter-industry trade between countries.
    4. Dhigh levels of specialization in both countries.
    5. Eincreased productivity in both countries.
  9. 9External economies of scale arise when the cost per unit
    1. Afalls as the industry grows larger and rises as the average firm grows larger.
    2. Brises as the industry grows larger and falls as the average firm grows larger.
    3. Cfalls as the industry and the average firm grows larger.
    4. Dremains constant over a broad range of output.
    5. Erises as the industry and the average firm grows larger.
  10. 10Internal economies of scale arise when the cost per unit
    1. Afalls as the average firm grows larger.
    2. Brises as the industry grows larger.
    3. Cfalls as the industry grows larger.
    4. Drises as the average firm grows larger.
    5. Eremains constant over a broad range of output

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Chapter 7
Idioma
English
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