heterogeneity defined as the variability of inputs and outputs of services, which makes services less standardized and uniform than goods.
Answer:
The correct answer is letter "B": harmonization.
Explanation:
In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.
Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>
Answer: Option (C) is correct.
Explanation:
Economics of scale is defined as the cost advantages that a country is achieving by increasing their production and lowers their per unit cost.
This is due to the spread of costs over a large number of products which results in lower per unit cost.
Most of the large companies able to produce more by distributing their cost over a large number of goods.
Specialization also give rise to lower per unit cost because specialization of factors of production boosts the production volume of a company and lower per unit cost of production also results from the bulk orders received from the customers, means trade increases.
Answer:
fixed cost.
Explanation:
Straight-line depreciation is a typical example of a fixed cost.
