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Mrac [35]
4 years ago
5

What does the process of specialization do for an economy?

Business
2 answers:
mafiozo [28]4 years ago
7 0
Specialization is when all the productive efforts of an economy are put into a particular sector of an economy so the production therefore becomes more efficient.
Firdavs [7]4 years ago
5 0

Answer: B. It makes production more efficient.

Explanation:

Specialization is the process through which a nation decides to produce limited goods that is the economy’s production process focuses on producing specific goods thereby trading with other countries in order to buy goods which they are unable to produce. Hence, specialization makes production more efficient for an economy because the country produces goods and services which they are good at producing with little input very quickly and successfully.

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After reading the paragraph below, answer the question that follows. Americans spend up to $100 billion annually for bottled wat
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List three reasons that people should pay their taxes.
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Improved Healthcare and Education

A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.

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The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.

Avoid Tax Back

When being confronted with back taxes we owe the government, we often think of ways to cut back on it. Well, most tax laws understand the hardships of every taxpayer. Though, tax services are available for those who are delinquent in paying their taxes, which is a helpful opportunity to people who don’t have available money or funds.

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3 years ago
Read 2 more answers
A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an
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Answer: - $3

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