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MatroZZZ [7]
3 years ago
10

What is an advantage of economic specialization?

Business
1 answer:
Nina [5.8K]3 years ago
7 0

Answer: Option B                                    

Explanation: In simple words, economic specialization refers to the process in which an economy focuses on producing a specific commodity on which they have a potential to get specialization on.

Under such a situation, the economy reduces the production of its other products and makes all efforts for specialization in a target commodity.

Thus, from the above we can conclude that the correct option is B .

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Look at the examples, and then determine which type of advantage each one describes.
lara [203]

Answer:

<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a  producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.

3) If a  producer can create more car parts than another producer does,  using the same number of resources, the price per unit is cheaper and it is an absolute advantage.

Absolute advantage<span> is the ability of a person, a  country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>

Comparative advantage<span> is the ability of a person, a  country, company or region to produce a specific good or service more efficiently (lower opportunity cost)  than another entity to produce the same good or service.</span>

4 0
3 years ago
Read 2 more answers
Present all the journal entries including the adjustments that would be made on July 31, 2015, the end of the fiscal year, for e
Kamila [148]

Answer:

Account Title                                                            Dr            Cr

Supplies Expense (22,150+9,350-8,810)..............22690

      Supplies....................................................................................22690

Interest Receivable .....................................................450

      Interest Revenue .......................................................................450

Rent Revenue.............................................................$7,000

      Unearned Revenue...............................................................$7,000

3 0
3 years ago
"Dawn" is a song included in the sound track of "eDay," a movie produced and distributed by FasTrac Corporation. The song featur
frutty [35]

Answer:

Yes it is copyright infringement.

In order for someone to transfer any material (in this case music) digitally or online, it must be copied first. So when someone produces a digital sampling of copyrighted material, no matter if it only lasts a couple of seconds, it constitutes copyright infringement.

4 0
3 years ago
The significant increase in consumer demand following World War II marked the beginning of the:
Tom [10]

Answer:

b. marketing concept era.

This era existed from 60's to 90's. And was called the 'baby boomer era'.  This era was focused on satisfy the client and producing goods and services.

And in order to satisfy this they use strategies of marketing in order to attract the customers.

Explanation:

a. production era.

False. This era was from 1860-1920 since this era occurs during the Industrial revolution and  not at the beginning of the second world war.

b. marketing concept era.

Correct. This era existed from 60's to 90's. And was called the 'baby boomer era'.  This era was focused on satisfy the client and producing goods and services.

And in order to satisfy this they use strategies of marketing in order to attract the customers.

c. customer relationship era.

False. This era was from 1990-2010 and was focused in create long-term relationships. So then is not the correct option if we analyze the historical time.

d. selling era.

This era was from 1920 and 1940 and not correspond to the begin of the second world war so this one is not the correct option.

6 0
3 years ago
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Cause and effect what is likely to happen when consumers hear reports that make them worry about a products safety ? Explain the
saul85 [17]
The demand of that product decreases only the few who can afford will purchase and the cause of higer prices on aproduct may b due to increement in taxes on acommodity by the gov't
4 0
3 years ago
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