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
Which was an advancement in the field of learning that took place in the Han dynasty?
julia-pushkina [17]

An advancement in the field of learning that took place during the Han Dynasty:

the writing of Historical Records by Sima Qian

Sima Qian created the Grand Scribe’s Records which is still used by modern historians.

8 0
3 years ago
Instead of using any force, men with more income influence their wives' actions by trading money for a desired behavior. this ca
melisa1 [442]
Instead of using any force, men with more income influence their wives' actions by trading money for a desired behavior. this can be best explained by the SOCIAL EXCHANGE perspective.

Social exchange theory proposes that social behavior is that the results of associate<span> exchange </span>method<span>. </span>the aim<span> of this exchange is </span>to maximize advantages<span> and minimize </span>prices<span>. As </span>per<span> this theory, developed by </span>social scientist St. George<span> Homans, </span>folks<span> weigh the potential </span>advantages<span> and risks of social relationships.</span>
7 0
2 years ago
Sunlight is observed to focus at a point 18.5 cm behind a lens. a. what kind of lens is it?
Kruka [31]

The lens is convex lens.

A convex lens is likewise called converging lens as it converges parallel beam of mild on a factor referred to as focal point. The convex lens is a lens that converges rays of mild that carry parallel to its important axis (i.e. converges the incident rays towards the foremost axis) that's rather thick throughout the center and thin at the lower and higher edges. the edges are curved outward rather than inward.

Convex lenses are used in microscopes, magnifying glasses and eyeglasses. they may be also used within the cameras to create actual images of items present at a distance. the character of the photographs relies upon on the manner those lenses are used.

Learn more about convex lens here:- brainly.com/question/28039799

#SPJ4

4 0
1 year ago
[Earth science]
Ber [7]

the actual answer would be (d) arthropods

7 0
3 years ago
Read 2 more answers
Word Analysis. Examine the five words and/or phrases and determine the relationship among the majority of words/phrases. Choose
Murrr4er [49]
The relationship among the majority of the phrases is that they refer to natural patterns in specific locations. The one that doesn’t do so is D) strong trade winds.
6 0
3 years ago
Other questions:
  • Jane is a utility-maximizing consumer who is spending her entire budget on the optimal quantity of wallets and eyeglasses. The p
    15·1 answer
  • What is a traditional Scandinavian story form called
    9·1 answer
  • Tom is studying how changes in income affect the frequency of eating out. In this example, "changes in income" is the ________ v
    10·1 answer
  • Ali, a war veteran, has had nightmares, flashbacks, and anxiety attacks for the past three years. ali is most likely suffering f
    13·1 answer
  • The study of changes that occur as an individual matures is known as __________. environmental sociology human physiology indust
    13·1 answer
  • Your college experience leads eventually to your graduation, a ritual process that ushers you into the "real world" where you ar
    7·1 answer
  • How does the federal judicial system promote the constitutional principle of rule of law?
    12·1 answer
  • HELP I WILL MARK AS BRAINIEST!
    11·1 answer
  • Which option is the best example of a fiscal policy?
    8·2 answers
  • Frederick Taylor came to the conclusion that tasks could be improved based on the tools used to complete the task. He learned th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!