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tuggy tuggy
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6 years ago
Specialization occurs when each individual, firm, or country:
A) produces only a few specific goods and relies on trade for the other goods and services it needs.
B) is self-sufficient and produces all the goods and services it needs, without relying on imports.
C) produces only those goods for which it has a higher opportunity cost of producing than the opportunity cost in other nations.
D) produces only those goods which are in demand in the global market and allow for high rates of profitability.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
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SimplemanSimpleman
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6 years ago
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