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JulijaS [17]
3 years ago
10

Which best explains why producers choose to specialize? Check all that apply.

Business
1 answer:
Y_Kistochka [10]3 years ago
6 0

Answer:

1. to gain a comparative advantage

2. to increase efficiency

Explanation:

Specialization involves concentrating on producing a few items that once can produce better than others.

Specializing in producing a  few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.

Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.

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Your career goals might help determine the postsecondary educational institute you attend.
Phantasy [73]

Answer:

true

Explanation:

What you do now or what your planning on doing can always determines what you can possibly do next. But you have to make sure your not doing or posting anything bad on the internet or else they won't hire you.

7 0
3 years ago
If all families receive exactly the same income the lorenz curve would appear as
jeyben [28]
I would have to say stable and idkh to explain it thou sorry god luck
7 0
3 years ago
Why has the chinese economy grown so rapidly in the recent years 1 pont?
const2013 [10]
Manufacturing and Industry has significantly boosted China's economy. 
6 0
3 years ago
When regulators engage in macroprudential regulation, they focus on A. the credit standards of all loans held by the financial i
Agata [3.3K]

Answer:

C) the safety and soundness of the financial system in aggregate.

Explanation:

Macroprudential regulation focuses on reducing systemic risk.

Systemic risk is the financial risk associated with an event from a specific company damaging the whole financial system. Systemic risk was responsible for the collapse leading to the Great Recession (2008-2010).

The "too big to fail" policy is an example of macroprudential regulation.

8 0
3 years ago
Accepting a good-quality lot would be a _____.
fredd [130]

Accepting a good-quality lot would be a <u><em>correct decision.</em></u>

OPTION B "correct decision" is the right answer according to Acceptance Sampling model.

Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.

It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.

Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.

To know more about Acceptance sampling refer to:

brainly.com/question/28192251

#SPJ4

5 0
1 year ago
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