It is often mentioned in the news media that Canada, being a small open economy, can benefit from a higher degree of glo
Posted: Wed Jul 06, 2022 6:34 pm
It is often mentioned in the news media that Canada, being asmall open economy, can benefit from a higher degree ofglobalization. What does this mean?
a. Canada can produce at the Minimum Efficient Scale,lowering average total costs
b. All of the answers are correct
c. Canada can enjoy more economies of scale by trading
d. Trade allows Canada to export more and drive downaverage total costs in the long run
a. Canada can produce at the Minimum Efficient Scale,lowering average total costs
b. All of the answers are correct
c. Canada can enjoy more economies of scale by trading
d. Trade allows Canada to export more and drive downaverage total costs in the long run