soso912 soso912
  • 24-05-2020
  • History
contestada

Explain the importance of specialization in regards to trade.

Plzz helpp

Respuesta :

XxAdelinexX XxAdelinexX
  • 24-05-2020

Answer:

When nations specialize, this exchange creates gains from trade. The benefits of specialization include a larger quantity of goods and services that can be produced, improved productivity, production beyond a nation's production possibility curve, and finally, resources that can be used more efficiently.

Explanation:

Hope this helps! :)

Answer Link

Otras preguntas

Who most likely were the first to deliberately plant seeds? A. hunters B. gatherers C. men D. women
What is 1/4 times 1/4
How do you reduce 42/70- math
Who won the case Gibbons v. Ogden in 1824? 1.Thomas Gibbons, because he was doing business in just one state. 2.Aaron Ogden, because he was doing business in mo
Do news entities provide only the facts? Why or why not?
explain how competition could limit the size of a bird poplulation
2. To stop the spread of communism, the United States adopted a policy toward the Soviet Union of (1 point)
Elimination method 4x-2y=48 2x+6y=-18
Explain why the elbow joint of a cow and the elbow joint of a human have similar, but not identical structure. Think about the actions each organism completes w
Only 3 students in each event win medals at the track meet. If 9 students are running the mile, what fraction of them will win a medal?