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den301095 [7]
3 years ago
7

Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trad

e? (4 points) a Each country has an absolute advantage in one activity. b No country has an absolute advantage in all activities. c One country has a comparative advantage in all activities. d One country has an absolute advantage in all activities.
Social Studies
1 answer:
Kisachek [45]3 years ago
4 0

Answer: b. No country has an absolute advantage in all activities.

Explanation:

Looking at the graph chart presented, we can tell that no country has an absolute advantage (taking less hours to produce a good) for both the production of olive oil and wine.

This means that the countries with better absolute advantages in one area should focus on those activities and then trade this good with the other country for the other good that they do not have an absolute advantage in.

<em>Note: Comparative advantage is a better measure for when countries need to specialize but due to the option I explained with absolute advantage. </em>

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Late Pleistocene – In this period, the humans that showed up are –

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Although there is always the possibility that a stunning new reactionary discovery will upset the hominid apple wain, for now, paleontologists agree that the neolithic primate Australopithecus was incontinently ancestral to genus Homo, which moment is represented by only a single species, Homo sapiens.( Paleontologists have yet to just down the exact time when the genus Homo first evolved from Australopithecus; the stylish conjecture is that Homo habilis deduced from a population of Australopithecus in Africa about two million times agone

 The two most important species of Australopithecus were A. afarensis, named after the Afar region of Ethiopia, and A. africanus, which was discovered in South Africa. Dating to about3.5 million times agone

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