It is often mentioned in the news media that Canada, being a small open economy, can benefit from a higher degree of globalization. What does this mean? a. All of the answers are correct b. Canada can enjoy more economies of scale c. Canada can produce at QMinimum Efficient Scale d. Canada can mass produce, export, and drive down average total costs
It is often mentioned in the news media that Canada, being a small open economy, can benefit from a higher degree of globalization. What does this mean? a. All of the answers are correct b. Canada can enjoy more economies of scale c. Canada can produce at QMinimum Efficient Scale d. Canada can mass produce, export, and drive down average total costs
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter19: International Finance And The Foreign Exchange Market
Section: Chapter Questions
Problem 7CQ
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It is often mentioned in the news media that Canada, being a small open economy, can benefit from a higher degree of globalization. What does this mean?
a.
All of the answers are correct
b.
Canada can enjoy more economies of scale
c.
Canada can produce at QMinimum Efficient Scale
d.
Canada can mass produce, export, and drive down average total costs
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