Question 27
Question 27 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
6. International trade an...
6.1. International specialisation

The basis for specialisation at national level in broad terms of: superior resource allocation and/or cheaper production methods.

3. Microeconomic decision...
3.5. Firms

How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes.