Question

Why do countries specialize? Check all that apply.a) to produce more of certain goods and services in a more efficient wayb) to trade with one another for goods or services they cannot provide on their ownc) to remain independent without having to rely on others for goods or servicesd) to produce more goods and services, and to contribute to greater global prosperity

Answer 1

Answer:a,b&d

Explanation:

Answer 2

Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services

Explanation:

Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.

It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.