soobintae soobintae
  • 26-02-2021
  • History
contestada

Why is it important for nations to specialize in what they produce?

Respuesta :

greathelpinghand
greathelpinghand greathelpinghand
  • 26-02-2021

Answer: Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

hope this helps

Answer Link

Otras preguntas

What three variables did Asch find affecting conformity?
Deep Rapid Breathing symptom of DKA is:
Which precursor of Shakespeare is noted for his play Doctor Faustus? a) Christopher Marlowe b) Ben Jonson c) Thomas Kyd d) John Webster
What is the meaning of derm/o? Give an example of use.
Would someone help me with this. What is the correct pronoun for each?
Solve the following equations for p. 2p + 5= 5p - 8 - 3p Answers A. 2.1 B. -0.5 C. No solution D. Infinitely many solutions
Fruits and vegetables are excellent sources of potassium. a) True b) False
The slave led Salvius and Quintus to the atrium. Upon entering, they encountered a large crowd consisting of many British chiefs and women engaged in conversati
Occupational Safety & Health Administration (OSHA) places the threshold voltage of electric shock at ?a. 5 voltsb. 10 voltsc. 15 voltsd. 20 volts
When was forensic chemical analysis first used?