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zepelin [54]
2 years ago
14

How come no one has no more answers for social studies?

Social Studies
1 answer:
ddd [48]2 years ago
5 0

Answer:

no idea mate LOL

Explanation:

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Which diagram best illustrates the economic concept of opportunity<br> cost?
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Answer: B

Explanation:

Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.

Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.

When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.

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Why is it important for nations to economically specialize?
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Explanation:

Whenever countries have different opportunity costs in production they can benefit from specialization and trade. Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.

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Look at the map above
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