MCQOPTIONS
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| 1. |
Boeing aircraft company was able to over its production costs of the first – jumbo jetll in the seventies because Boeing could market it to several foreign airlines in addition to domestic airlines. This illustrates ? |
| A. | How economies of scale make possible a larger variety of products in international trade |
| B. | A transfer of wealth from domestic consumer to domestic producer as the result of trade |
| C. | How a natural monopoly is forced to behave more competitively with international trade |
| D. | How a natural monopoly is forced to behave less competitively with international trade |
| Answer» B. A transfer of wealth from domestic consumer to domestic producer as the result of trade | |