ECON 111 Study Guide - Midterm Guide: Free Trade, Structural Adjustment, The Technique

2. Intra-sectoral adjustment refers to A. adjustment across the industries and firms within a sector as a consequence of specialization B. adjustment across the industries and firms within a sector as a consequence of the exploitation of economies of scale and scope C. the expansion or decline of different sectors of the economy as a consequence of specialization D. the expansion or decline of different sectors of the economy as a consequence of the exploitation of economies of scale and scope

14. Intra-sectoral adjustment refers to A. adjustment across the industries and firms within a sector as a consequence of specialization B. adjustment across the industries and firms within a sector as a consequence of the exploitation of economies of scale and scope C. the expansion or decline of different sectors of the economy as a consequence of specialization D. the expansion or decline of different sectors of the economy as a consequence of the exploitation of economies of scale and scope

15. Inter-sectoral adjustment refers A. adjustment across sectors according to the relative mix of inputs used in production, and is primarily associated with the exploitation of economies of scale. B. adjustment within sectors according to the relative mix of inputs used in production, and is primarily associated with specialization according to comparative advantage. C. adjustment within sectors and is primarily associated with economies of scale. D. adjustment across sectors according to the relative mix of inputs used in production, and is primarily associated with specialization according to comparative advantage