What Is One Reason International Specialization Would NOT Occur

question 1

Multiple Choice

What is one reason international specialization would NOT occur?  

• A) because some countries have educated, trained workers, while other countries have unskilled workers 
• B) because tastes and preferences tend to be different in different countries 
• C) because economies of scale can allow larger producers to operate at lower average cost 
• D) because the world price of a good is determined by the world supply and demand for it

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Definitions:

Heart Disease

A range of disorders affecting the heart, including coronary artery disease, heart attacks, heart failure, and arrhythmias.

Death Rate

The ratio of deaths to the population of a particular area during a specific period, typically expressed per 1000 or 100,000 individuals per year.

Medical Care Expenses

The costs associated with seeking and receiving health care services, including diagnostics, treatments, medications, and hospital stays.

Social Status

The position or rank of a person or group within society, often determined by wealth, occupation, or family lineage.