The Division of Productive Activities Among Persons and Regions So

question 263

Multiple Choice

The division of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as

• A) advantage-taking.
• B) comparative value.
• C) specialization.
• D) outsourcing.

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Definitions:

Ownership

refers to the state or fact of possessing something, which can include tangible property or intangible rights.

Negotiate a Contract

The process of discussing and reaching an agreement on the terms of a contract, ensuring clarity and mutual understanding of expectations and responsibilities.

Concerns

Matters of interest or importance that require attention or action, often signaling potential issues needing to be addressed.

Respondents

Individuals or entities that provide answers or feedback in a survey or study.