Which of the Following Statements About Specialization and Trade Are

question 31

Multiple Choice

Which of the following statements about specialization and trade are correct?

• A)They developed only in the twentieth century.
• B)They exist only in capitalist economies.
• C)They arose as humans changed from nomadic and self-sufficient food gatherers to settled food producers.
• D)They developed only where government and political institutions were stable.
• E)They occur only in the private sector.

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Definitions:

Anticipated

The expected occurrence or expectation of an event, often used in the context of financial forecasts or income.

Annually

Occurring once every year or relating to a period of one year.

Annually

Annually means once every year.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, often involving the purchase of securities.