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O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2024 · Q271 Mark

What is an advantage to a firm of specialisation at a national level?

Adependency on supplies from other countries
Bgreater competition from overseas firms
Cgreater depletion of the country's natural resources
Dlower average costs due to economies of scale

✓ Correct answer

D: lower average costs due to economies of scale

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About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2024 Paper 1 Variant 1, question 27.

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