Question

The benefits of trade extend beyond simple exchange. For example, trade allows us to take advantage of _____, the reduction in costs that arise when goods are mass-produced.

Answer 1

Answer: Economies of sale

Explanation:

 The advantage of economics of sale in the firm is refers to the increase in the level of the output and it also helps in developing the various types of rapid economic for the purpose of supporting the large firms in the specific geographical areas.

According to the given question, the benefits of the various types of trade allows for using the main concept of the economics of sales by reducing the overall cost of the system.

The main advantage of the economics if sale is to providing the large business expansion and it also increase the productivity that is sales in an organization.

 Therefore, Economies of sale is the correct answer.