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Andrei [34K]
2 years 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]2 years 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

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No one enjoys failing. Is failing a <br> A. Gerund<br> B. Infinitive<br> C. Participle <br> D. Verb
trasher [3.6K]

Answer:

noun

Explanation:

6 0
3 years ago
Explain how a Congressman who reflects the politico model would respond to the Big Pizza Lobby. What considerations must he/she
nikdorinn [45]

The correct answer to this open question is the following.

Congressman has to respond to the Big Pizza Lobby taking these considerations in mind.

Congressman has to realize the impact of the presence of this big "company" in the market. Not only for other industries that cannot compete with this huge company but the impact it has on consumers.

The congressman would propose the kind of bill that benefits free trade, competence, and benefits consumers in a free market.

The big company is not going to stay "arms-folded." The company is going to hire lobbyists to negotiate with congressmen in order to promote its particular agendas and personal interests.

Of course, the big company wants to change the rules against it, and modify them to facilitate their interests. The negotiations can make legislators doubt or rethink a regulation. That is when Congressman has to think to support the interests of citizens, who were the ones who took him/her to office in the elections. So congressmen serve the people, not large companies.

8 0
3 years ago
Muslims believe that God spoke to Muhammad through an angel.
viktelen [127]

Answer:

f

Explanation:

it is false because it was an angle that spoke to him not god his self

5 0
4 years ago
Read 2 more answers
Why is the value of community organizations and cooperatives difficult to measure?
masha68 [24]

Because there is a difficulty in quantifying, putting in numbers, the value of community and cooperative organizations. So the conclusion is simple: If you can not quantify you can not measure and if there is difficulty in quantifying, there is the same difficulty in measuring.

8 0
3 years ago
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What caused the Triple Entente to form? Kaiser Wilhem's aggressive millitary build-up and his disregard for attempts at peace. E
worty [1.4K]

Answer:

Kaiser Wilhelm's aggressive military build-up and his disregard for attempts at peace, is the correct answer.

Explanation:

The triple alliance was formed by Germany, Austria-Hungary and Italy in 1882, and agreed to assist each other in case of attack by either France of Russia. <em><u>Britain and France were afraid of German Navy, so in 1904 </u></em>they signed Entente Cordiale to cooperate against the threat of Germany. Russia also joined later. Triple Entente merely stated that it was a moral obligation of the three signatories to help each other.

8 0
3 years ago
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