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Question 14 (0.8 points} All Rights Reserved for Dr. Ibrahim AbouSaad: Which of the following is a potential reason that explains why economies may gain
Question 14 (0.8 points} All Rights Reserved for Dr. Ibrahim AbouSaad: Which of the following is a potential reason that explains why economies may gain when specializing (i.e., in the long run) in producing fewer goods and services? 0 Higher production scales allow in the long run for adopting higher levels of production technologies. 0 Higher production scales allow in the long run for producing more at lower average cost. 0 All of the above. 0 None of the above. Question 15 (0.8 points} All Rights Reserved for Dr. Ibrahim Abou-Saad: If the US government believes that the minimum wage is too low in almost all states, what should the government consider before going forward to raise the current federal minimum wage? 0 Only the economic costs associated with increasing the federal minimum wage. 0 Only the social costs associated with increasing the federal minimum wage. 0 All possible costs and benefits associated with increasing the federal minimum wage. 0 None of the above
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