One Reason for International Specialization in Production Is

question 55

Multiple Choice

One reason for international specialization in production is

• A)differing national tastes
• B)diseconomies of scale in production
• C)a high world price for a good
• D)resources are plentiful in all nations
• E)people have limited wants for domestically produced goods and services

---

Definitions:

Interest Income

Income earned from deposit accounts or investments that pay interest, such as bonds and savings accounts.

Financial Assets

Assets that derive value from a contractual claim, such as stocks, bonds, bank deposits, and other investments.

Real Assets

Physical or tangible assets such as property, commodities, and natural resources that have intrinsic value.

Net Income

Net income refers to the total profit of a company after all expenses, taxes, and costs have been subtracted from its total revenue.