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Specialization and trades leads to all of the flowing EXCEPT: Higher living standards. A rise in total economic output. A decline in total economic output. The loss of tax revenues.
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Asked 7/25/2013 3:03:49 PM
Updated 226 days ago|2/8/2018 9:43:01 AM
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User: Specialization and trades leads to all of the flowing EXCEPT: Higher living standards. A rise in total economic output. A decline in total economic output. The loss of tax revenues.

Weegy: Specialization and trades leads to all of the flowing EXCEPT: A decline in total economic output.
alfred123|Points 2298|

User: When an increase in a firm’s scale of production leads to lower average costs, we say that there are increasing returns to scale, or ____________________. economies of scale opportunity costs has a good cost curve marginal benefit

Question
Asked 7/25/2013 3:03:49 PM
Updated 226 days ago|2/8/2018 9:43:01 AM
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This answer has been confirmed as correct and helpful.
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When an increase in a firm’s scale of production leads to lower average costs, we say that there are increasing returns to scale, or economies of scale.
Added 226 days ago|2/8/2018 9:43:01 AM
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