1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrei [34K]
1 year ago
10

What concept is most important in determining which good a person or nation will specialize in the prodution of?

Social Studies
1 answer:
mash [69]1 year ago
5 0

Opportunity cost is the concept in whose basis a person or a nation decides in which product it will specialise in. This opportunity cost will result in a country having a comparative advantage which is the advantage of having a low opportunity cost in producing a good.

The theory of comparative advantage teaches us that nations should specialise in the production of the goods in which they have the lowest opportunity cost, and trade with other nations.

Specialisation leads to greater economic efficiency and consumer benefits. Whenever a country has a comparative advantage in production it can benefit from specialisation and trade.

However, specialisation can have both positive and negative effects on a nation's economy.

To know more about opportunity cost here

brainly.com/question/12121515

#SPJ4

You might be interested in
Deaf people who use sign language typically A) demonstrate greater mathematical competence than hearing persons. B) process lang
Dovator [93]

The answer is: B. process language in their left cerebral hemisphere.

The left cerebral hemisphere held the function to make people able to process and understand the spoken language. When a communication is done verbally, individuals will mostly utilize their left cerebral hemisphere in order to process the language/

The right cerebral hemisphere held the function to make people able to process visual information.  But,<u> </u><u><em>When communication is done through sign language studies show that deaf people still mostly lustily their left cerebral hemisphere.</em></u>  It's just that they also activated a lot of areas in their right brain compared to non-deaf individuals.

6 0
3 years ago
What happened to Central Asia and the Caucasus when the Soviet Union collapsed in 1991?
Ivanshal [37]

Answer: b

Explanation:

3 0
3 years ago
Why did the articles of confederation not grant the federal government enough powers
Eduardwww [97]

Answer:

To prevent the government from becoming tyrannical.

Explanation:

The Articles of confederation was made by the founding fathers to specifically created a system of government that stray away form the tyrannical nature of Monarchy.

The founding fathers believe that if the power in the government is held by one king, there's nothing the people can really do if that King start abusing his power.

This is why the founding fathers did not granted the federal government enough power. They wanted the people to have every opportunity to overturn the government in case the federal government start abusing the power.

4 0
2 years ago
he belief that political authority should rest with the people themselves is called: equality of opportunity political equality
nekit [7.7K]

Answer:

He belief that political authority should rest with the people themselves is called: popular sovereignty .

Explanation:

Popular sovereignty, also termed settler sovereignty, in U.S. archives, a provocative political theory according to which the personalities of federal provinces should choose for themselves whether their provinces would enroll the Union as vacant or slave states.

Popular sovereignty is the system that the government of a state and its administration are formed and maintained by the permission of its people, through their elected representatives.

8 0
3 years ago
Windshields must be made of safety glass and may not be covered or treated with any material which has the effect of making the
Troyanec [42]
ANS:<span> stickers is the best option</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • The moral majority wanted to restore to society what they saw as
    7·1 answer
  • The new system of production during the second industrial revolution meant that unskilled workers did
    7·2 answers
  • Which city is very important to all three religions?
    12·1 answer
  • The set of procedures specified in Public Law 94-142 that allow parents to call a hearing when they do not agree with the school
    7·1 answer
  • Criteria such as; behavior going against social norms, behavior that causes subjective discomfort, maladaptive behavior that cau
    5·1 answer
  • When social scientists examine the practice of the Inuits leaving their elderly to perish in the cold, they typically evaluate t
    8·1 answer
  • ao redor do mundo tesoures preciosos se escondem em mavios que afundaram a tecno logia moderna esta ajtedando a localizar esses
    12·2 answers
  • imagine you live in Denver Colorado and have a scheduled school lunch at noon what time it would it be in our nation's capital
    15·2 answers
  • Hey guys. Can you please answer these questions about Climate change ASAP
    8·2 answers
  • Why would it be beneficial to do some brief topic hunting during the brainstorming phase of a research paper?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!