Examlex
Which of the following is an example of something economists study?
Specialization
The practice of focusing on a specific area or activity to achieve greater efficiency and productivity.
Production Possibilities
A graphical representation of the alternative combinations of goods and services an economy can produce when all its resources are fully and efficiently utilized.
Specialize
To concentrate on and become expert in a particular subject or skill.
Trade
The exchange of goods, services, or both between two or more parties, either within a country or internationally.
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