The concept of economies of scale relates to product specialization because
a. comparative advantage means exports produce profits.
b. increased exports of the same product produce cost efficiencies.
c. protectionist policies allow infant industries to become established.
d. of the Portugal/England model involving wine and cloth exports.
e. the basic-needs approach to development depends on the existence of both.
Question 2
In analyzing the Grameen Bank's success, the three perspectives agree that microcredit strategies are successful because they
a. avoid the inherently unequal state and international economic systems.
b. are built on the local decision-making of poor people.
c. apply collective-responsibility methods by organizing local committees.
d. ensure that the people who do the work receive the benefits.
e. All of the above are correct.
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