Only 14 Answer with good quality 14Which of the following is INCORRECT about collusion-obstacles in international tradingNumber of SellersPotential CompetitionEconomic DownturnSuhstitute GoodsAll of the above15Miehael Porter identified the fullowing attributes that promote ur impede the ereation of competitive advantagr.EACETariff.BFactor endowmentsDemand conditionsDRelating and supporting industriesEFirm, strategy, structure, and rivalry.16How do the academies modify the overlapping phenomenos in regional trading arrangementsSpillover EffectsB.Spaghetti Bowl EffectsDomino EffectsSide EffectsD.Butterfly Effects17refers to an agreement by two nations to maintain tariffs to each other as low as those applied to any other nation.Regional Trade Agreement.Most Favored Nation.Fast Track Authority.Trade Promotion AdjustmentD.ETrade Adjustment Assistance.18Which of the following is INCORRECT about the demands" (the reasons why one needs) for proteetion in one's political economy?Greater comparative disadvantage.Greater import penetration.AвGreater domestic concentration.Higher cost to society.Lesser export dependence:D.19The external economies of scale may produce the following positive externalities, EXCEPTLower input costsCongestion.Knowledge spillovers.Labor poolingABD.Specialized production.Which of the following is INCORRECT about the economies of scale and market structure?Economies of scale could mean cither that larger firms or a larger industry would be more efficient.External economies of scale occur when the cost per unit of output depends on the industry's size.Internal economies of scale occur when the cost per unit of output depends on the size of a firm.Internal economies of scale result when large firms have a cost advantage over small firms, causing the industry to become perfectly competitiveAn industry where economies of scale are purely external will typically consist of many small firms and be perfectly competitive20BD.

Collusion refers to the process of cooperating the firms in international selling by one country to…

Answered: Which of the following is INCORRECT…

Which of the following is INCORRECT about collusion-obstacles in international trading Number of Sellers Potential Competition Economic Downturn Substitute Goods All of the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 12SCQ: Consider the case of global environmental problems that spill across international borders as a...

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