According to Adam Smith's Theory of Absolute Advantage, Specialization Allows

question 55

Multiple Choice

According to Adam Smith's theory of absolute advantage, specialization allows countries to increase their efficiency for each of the following reasons EXCEPT ________.

• A)labor could become more skilled by repeating the same tasks
• B)transportation costs could be lowered by producing closer to markets
• C)labor would not lose time in switching from the production of one kind of product to another
• D)higher production would provide incentives for the development of more effective working methods

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic, cultural, and political exchanges.

Internet And Web

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Feminist Sociologists

Scholars who apply feminist theories and methodologies to the study of society, focusing on gender inequalities, power relations, and advocating for social change.

Gender Roles

Gender roles are the societal norms dictating the types of behaviors that are generally considered acceptable, appropriate, or desirable for people based on their actual or perceived sex.