All categories

2 years ago

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

1 answer:

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

__________ is a planting technique that helps prevent soil erosion. A. Contour planting B. Parallel planting C. Hydro planting D

tiny-mole [99]

Answer:

A. Contour

Explanation:

Contour planting is a farming practice that helps reduce or prevent soil erotion through, the planting of crops along the contour.

A contour is are lines developed across a slope at the same level of elevation of the slope. A slope referes to land which slants downwards.

The contours prevent the free flow of rain water down the slope, hence trapping soil particles that would otherwise erode. They also reduce the speed with with running water, goes down the slope.

7 0

3 years ago

Read 2 more answers

One difference between anthropology and many other social sciences, such as sociology, is that anthropology is concerned with hu

Luda [366]

Answer:

biology.

Explanation:

Anthropology can be defined as the scientific study of humanity with respect to human biology, human behaviors, human societies, cultures, beliefs, survival and the evolutionary history of humans (Homosapiens) through time and space. There are various fields under anthropology and these includes Ethnomusicology, Biological anthropology, Linguistic anthropology, Sociocultural anthropology, Archaeology, Applied anthropology, Economic anthropology, and Visual anthropology.

On the other hand, sociology can be defined as a social science that deals with the study of the socio-cultural interaction of humans with respect to the structure, functioning and development of their society.

The main purpose of sociology is to develop and enhance human knowledge or understanding of important socio-cultural processes through the gathering and analysis of all aspects of the social life of the people living in a society.

Hence, the main difference between anthropology and many other social sciences such as human geography, economics, sociology, law, psychology, political science, etc., is that anthropology is typically concerned with human biology as well as human behavior.

6 0

3 years ago

How many american sailors were impressed? please help this is due in 2 mins

docker41 [41]

Answer: Over 15,000 people

Explanation: Between the times of 1793-1812 over 15,000 US Sailors were impressed.

7 0

3 years ago

A situation in which racial minorities are treated more harshly at some points and in some places in the criminal justice system

Vedmedyk [2.9K]

The answer is: Contextual discrimination

Contextual discrimination is often used to make the perception that discrimination does not exist in the broader range, but it still is if we pay attention to specific details.

For example, compared to the majorities, criminals that came from minority background are much more likely to receive death penalty. Even though technically the treatment that they receive in jail is typically similar.

6 0

3 years ago

Who conspired with Aaron Burr only to later report his plan to President Jefferson? William Claiborne James Madison General Jame

wel

Answer:

General James Wilkinson

Explanation:

At that time, Aaron Burr held the position as the vice president for Thomas Jefferson . He planned a mutiny to establish an independent country apart from United States.

Burr confided his plan to Wilkinson. He believed that Wilkinson will support his effort since Wilkinson tried to established an independent state himself. But, Wilkinson chose to reveal Burr's plan to Jefferson. He believed that revealing the plan to Jefferson will granted him a favor from the president and it will advance his political career.

3 0

3 years ago

Read 2 more answers