A Country Completely Specializes in Production When It Spends All

question 37

Multiple Choice

A country completely specializes in production when it spends all of its resources producing

• A) a particular good.
• B) the goods it has an absolute advantage at producing.
• C) only what other countries need.
• D) the goods it can make more of.

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Definitions:

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Cellular Phone Carrier

Companies that provide services for mobile phone users, including voice communication and data transfer.

Number Of Options

The count of choices or alternatives available in a given situation or decision-making process.

Decision Making

The cognitive process of selecting a course of action among multiple alternatives, often involving a balance between risk and reward.