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]
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

#SPJ4

You might be interested in
Jorge cannot accept that he is getting older and experiences despair. According to Bernice Neugarten, what is his personality ty
Vanyuwa [196]

Answer:

Disintegrated and disorganized personality type

Explanation:

Disintegrated and disorganized is the personality type that is given by Jorge. In this personality, the person has the least successful aging occur. In this type of personality, a person shows deformities physically and psychologically during aging.  

We can take an example X have difficulty in his aging. X dress up like when he was in his 20th year. X dyed his hair and go in the bar on Saturday. X children are worried about looking at the behavior of their father. Instead of behaving in a manner such as a grandparent, he behaves like grandchildren. This is an example of a disorganized personality type.

5 0
3 years ago
The idea that women show an adaptive preference for choosing long-term mates who can provide for their offspring is an expressio
Sedaia [141]
Here is the answer that would best complete the given statement above. <span>The idea that women show an adaptive preference for choosing long-term mates who can provide for their offspring is an expression of NATURAL SELECTION. Hope this answers your question.</span>
6 0
3 years ago
(Help please)
bearhunter [10]

Answer:

What city is marked by the letter A? Why is that city important?

The city marked by the letter A is Moscow. It is important because it is the current capital and largest city of the Russian federation, as it was the largest and capital of the Soviet Union.

Which region is marked by the letter B? Why is it controversial?

The region is Crimea, which consists of the peninsula of the same name, in between the black sea and Ukraine. It is controversial because this region as annexed by Russia several years ago, against the will of the Ukrainian government. This was justified on the basis that most of the Crimean population is of Russian origin, not of Ukrainian origin.

What body of water is indicated by the letter D? What happened there due to soviet rule?

The body of water is the Aral Sea. This inland sea, which used to be one of the largest in the world, has practically disappeared, and most of the blame falls on the Soviet Union lack of sound environmental policy. The lake was drained mainly due to over irrigation of the surrounding zones, and to desertification.

8 0
3 years ago
Bibliophiles are people who collect:<br> A. Bibles <br> B. Books <br> C. Cars <br> D. Lawn Gnomes
Iteru [2.4K]
The correct answer is B. Books, hope this helps :)
4 0
3 years ago
Read 2 more answers
Asad's first grade class is diverse: there are two students from korea, five students from south america, two students from the
Scrat [10]
<span>Asad's first-grade class is diverse: there are two students from Korea, five students from South America, two students from the united states, three students from Kuwait, a student from Mexico, two students from England, and five students from western Europe. Assad's class is:</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • in the wealth of the nation , Adam smith mentions that very good grapes could be grown in Scotland.however, growing high quality
    6·1 answer
  • Factors that impede the attainment of economic efficiency in the public sector are called _________.a. market failuresb. externa
    9·1 answer
  • Which sequence describes the correct order in which nutrients travel through the body
    15·1 answer
  • 15. A vehicle navigation system
    10·1 answer
  • In Edmonton, Alberta, lan is assigned to foot patrol of one neighborhood. The residents know him because he is always seen walki
    9·1 answer
  • do not answer if you don't know list 5 important information on all these pages list them by their number it is in the right top
    12·2 answers
  • Many countries in the region have large oil
    9·1 answer
  • A foodservice operation should do business with a supplier that.
    6·1 answer
  • How can you avoid aggressive driving situations?
    14·1 answer
  • Identify four causes of lack of basic servises<br>​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!