Why is it important for nations to economically specialize?
O A. Specialization limits the effects of globalization.
B. Specialized economies use resources more efficiently.
O
C. Specialization limits foreign influence over a nation's economy.
O D. Specialized nations can profit from otherwise worthless goods.

Answers

Answer 1

Answer:

Specialized economies use resources more efficiently.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

It is important for nations to economically specialize because specialized economies use resources more efficiently in the production of goods and services, so as to have a comparative advantage.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.


Related Questions

Even though the United Nations building is in an American city, it is considered international territory.
True or
False

Answers

Answer: True

Explanation:

ASAP ITS MULTIPLE QUESTION

All of the following were Enlightenment philosophers EXCEPT
O Meriwether Lewis
O John Locke
OFrancis Bacon
ORené Descartes

Answers

Meriwether Lewis was not. The other three were enlightenment philosophers
john locke is the answer i think

Compare how the war impacted German Americans, Asian Americans, African Americans, Hispanic Americans, Jewish Americans, Native Americans, women and dissenters in the United States.
 
o   Choose two groups and explain how their experiences were similar in the U.S. during the war.


Answers

Answer: Jewish and African Americans. They were both effected by how they were taken down by population along with the descrimanation of jews

Explanation:

What was the impact of the Truman Doctrine on the course of the Cold War?

Question 3 options:

It committed the United States to a policy of stopping the spread of communism.


It dedicated a substantial percentage of the United States budget to the space program.


It created an attitude of isolationism in the United States after World War II.


It established the legitimacy of using atomic weapons in extreme circumstances.

Answers

Answer:

a

Explanation:

The entire purpose of the containment policy was to stop the spread of communism to countries around the world. Truman's policy of containment sought to 'contain' the ideology to keep it from spreading.

Answer:  it committed United States to a policy of stopping the spread of communism

The main purpose of the map on page 5 is to show ___.
A. the size of the Roman Empire
B. the biggest volcanoes in Europe
C. the area effected by the eruption of Mount Vesuvius nearly 2,000 years ago
D. the locations of European countries​

Answers

Answer:

the answer to the question is c

Which is NOT a cause of Latin American Independence / Revolutions? *
O
Enlightenment
Social Structure of Latin American Nations
Other Revolutions (Ex: American Revolution)
O World War I

Answers

Other revolutions
Hope this helps :))

Plz help me with this answer

Answers

Both of them are A


Potato (sorry i needed 20 characters)

what is the Hollywood Ten?​

Answers

Answer:

The Hollywood Ten is a 1950 American 16mm short documentary film. In the film, each member of the Hollywood Ten made a short speech denouncing McCarthyism and the Hollywood blacklisting. The film was directed by John Berry.

Explanation:

The moral code of a religion helps members

A. A cope with tragedy
B. Train for jobs
C.judge what it is
D. Meet society’s needs

Answers

Answer:

A

Explanation:

.
What is the Korean DMZ?
the peace treaty between North and South Korea
the extreme nationalist party in South Korea
the capital of North Korea
the empty area between North and South Korea

Answers

Answer:

the empty area between North and South Korea

Explanation:

The DMZ is the Demilitarized Zone between North and South Korea. It serves as an empty buffer zone between two countries still at war.

what is the belief that colonies exists for the economic benefit of her mother country. It also is the belief that the more money a country has in its treasury, the more powerful it is.

Answers

Answer:

Mercantilism.

Explanation:

Mercantilism was an economic system in which the mother country controlled trade with her colonies in order to increase her wealth.

What was the impact of the New Deal on federal and state governments?

Answers


How did the new Deal impact the federal government? It expanded the powers of the federal gov't by establishing regulatory bodies & laying the foundation of a social welfare system. In the future the gov't would regulate business & provide social welfare programs to avoid social & economic problems.

What was the impact of Imperialism in India and Africa?​

Answers

Answer:

The British modernized and industrialized India, many economic declines were caused in India due to the lack of financial benefits from the British rule. There were several negatives of colonialism for the Africans like resource depletion, labor exploitation, unfair taxation, lack of industrialization, dependence on cash crop economy, prohibition of trade, the breaking up of traditional African society and values, lack of political development, and ethnic rivals.

Explanation:

Answer:

India and Africa was industrialized and modernized. Things such as depletion, labor exploitation, unfair taxation, lack of industrialization, dependence on cash crop economy, prohibition of trade, the break of tribes, lack of political development and the rise of ethnic rivalry was left behind.

Hey can i have help, ill give brainliest if ur right
pls dont report its not a grade just practice questions

Answers

Answer: He opposed session from the U.S.

Explanation:

Answer:

big sis not very smart but I think it is C he opposed session from the US

Explanation:

PLEASE HELP ME!!!!!!

In what ways did Jesus bring new life to the human race?

Answers

Answer:

In order to complete the work of bringing new life, Jesus sent the Holy Spirit that helped people to live a new life through faith in Him. (John 20:22) .

Explanation:

Jesus brought new life to all the human race through his:

Life, Teachings and Deeds.

Death and Resurrection.

Holy Spirit.

What does the judge decide about Ponyboy? *

Answers

He is Innocent not gulity

What does the eyewitness primarily describe in this
part of her testimony?
-the efforts to fool prisoners at a Nazi prison camp
-the separation of prisoners at a Nazi death camp
-the manner in which prisoners were executed at a
Nazi death camp
-the inhumane way that prisoners were washed at
a Nazi prison camp
The answer is c :) have a good day

Answers

Answer: C

tis the answer to problem

Answer:

Explanation:

C. the manner in which prisoners were executed at a Nazi death camp

Which Progressive Era issue does the passage
address?
Read the passage from a book written by journalist
Upton Sinclair during the Progressive Era.
There would be meat that had tumbled out on the floor, in
the dirt and sawdust, where the workers had tramped
and spit uncounted billions of consumption germs....
the meat would be shoveled into carts, and the man who
did the shoveling would not trouble to lift out a rat even
when he saw one there were things that went into the
sausage in comparison with which a poisoned rat was a
tidbit.
-The Jungle,
Upton Sinclair
the rights of women and child workers
o corruption among government officials
poor living conditions in tenement buildings
consumer safety and poor business practices
ee

Answers

Answer:

D. Consumer Safety and poor business practices

Explanation:

took the test and got a 100

The period of US history from the 1890s to the 1920s is usually referred to as the Progressive Era, an era of intense social and political reform aimed at making progress toward a better society.

D. consumer safety and poor business practices

What is the Progressive Era known for?

The leaders of the Progressive Era worked on a range of overlapping issues that characterized the time, including labor rights, women's suffrage, economic reform, environmental protections, and the welfare of the poor, including poor immigrants.

What happen in the Progressive Era?

The Progressive Era started a reform tradition that has since been present in American society. Monopolies were broken up due to violation of federal law. Many labor unions, trade groups, and professional, civic, and religious associations were founded. They improved the lives of individuals and communities.

To learn more about The Progressive Era, refer

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What historical event led to the signing of the Treaty of Nanjing?

Answers

Answer:

Answer: Treaty of Nanjing, (August 29, 1842) treaty that ended the first Opium War, the first of the unequal treaties between China and foreign imperialist powers. China paid the British an indemnity, ceded the territory of Hong Kong, and agreed to establish a “fair and reasonable” tariff.

Explanation:

Why was the National Road Built?

a)to connect New York City to the Great Lakes region

b)to connect Ohio and other states to the East
c)to create a southern highway from the East to the West
d)to connect cities on the Mississippi River

Answers

Answer:

c

Explanation:

The National Road, in many places known as Route 40, was built be1811 and 1834 to reach the Western settlements. It was the first federally funded road in U.S. history, George Washington and President Jefferson believe that a trans-Appalachian road was necessary to unifying the young country.

GIVING BRAINLIEST IF YOU ANSWER CORRECTLY!! (20 pts!!)

(THE HOLOCAUST!!)
Why did Mrs. Anolik volunteer to do extra work during her time in Auschwitz?

Answers

Answer:

Can you send the passage?

Explanation:

Explain the role women played in civil war

Answers

Answer:

Women also helped to care for the soldiers while they were camped and preparing for battle. They sewed uniforms, provided blankets, mended shoes, washed clothes, and cooked for the soldiers. Perhaps the most important role women played during the war was providing medical care for sick and wounded soldiers.

Explanation:

I hope this helps and pls mark me brainliest :)

How was society structured under Frances ancient regime?

Answers

Answer:

Explanation:

Under the ancien regime (society before the French Revolution in 1789) French society was divided into what were called estates, or social orders. These were upheld both by tradition and law. There were three estates, which were structured as follows.

The First Estate encompassed the Catholic clergy. This included senior Church positions (bishops, abbots, etc.) and technically the poor parish priests who ministered to peasants in the French countryside. Higher Church officials, many of whom were also secular nobility, enjoyed considerable privileges. They were exempt from taxation and collected revenue from tithes and other fees.

Answer:

acts of the antient regime

Which principle found in the Texas Constitution gives the people the power to determine the type of government they have? limited government
separation of powers
popular sovereignty
checks and balances​

Answers

Popular Sovereignty!!

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Answers

Answer:

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Explanation:

Answer: it’s either c or d

Explanation:

Use details from the text to explain why the Montgomery bus boycott was particularly effective.

Answers

Answer:

They believed that the boycott could be effective because the Montgomery bus system was heavily dependent on African American riders, who made up about 75 percent of the ridership. Some 90 percent of the African American residents stayed off the buses that day.

Explanation:

As approximately 75% of the passengers in the Montgomery bus system were African Americans, they thought that the boycott may have some success. Around 90% of the local Black Americans didn't board the buses that day.

What happened at the Montgomery Bus Boycott?

The Montgomery bus boycott, which began after Rosa Parks was detained on December 1, 1955, was a 13-month nationwide demonstration that gained momentum when the U.S. Supreme Court declared that segregation on public transportation is unconstitutional. The Montgomery bus boycott was a political and social protest against the practice of racial segregation in Montgomery, Alabama's public transportation system.

It was a key moment in the development of the American civil rights movement. The protest took place between December 5, 1955, the Monday after Rosa Parks' imprisonment for refusing to give up her seat to a white individual, and December 20, 1956, when the federal judge in Browder v. Gayle became effective and resulted in a United States Supreme Court decision.

Learn more about Montgomery Bus Boycott here:

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What was the main idea of Woodrow Wilson’s Pueblo Speech?

Answers

In September of 1919, President Thomas Woodrow Wilson, the 28th president of the United States, came to Pueblo to deliver a speech about unity and togetherness in an effort to unite the country for the common goal of joining the League of Nations. It would be his last public speech by him as president.

Which of the following is the best example of populism?

Answers

Answer:

Populism refers to a range of political stances that emphasize the idea of "the people" and often juxtapose this group against "the elite".

Explanation:

You didn't give me the following examples for me to choose from. I also did some outside research on Populism so correct me if I am wrong.

ASAPPP PLEASE Stevenson provides the history of the Attica prison riots of the 1970s. Readers learned
about human
rights abuses that included all the following EXCEPT:
A - waterboarding for confessions.
B -keeping prisoners in casket-sized holes for solitary confinement.
C - being chained to a hitching post.

Answers

Answer:

b

Explanation:

Which region was best known for growing tobacco during the colonial period

A. New England colonies
B. Middle colonies
C. Southern colonies
D. Western territories

Answers

Answer:

southern

Explanation:

Answer:

Southern Region

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