Which Situation Might Cause A Country To Specialize?

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Economic globalization refers to the widespread international movement of goods capital services technology and information. Wheat production in a region with fertile soil A company in Maine sends lobsters to France.

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Which is the best example of a country that is dependent on other countries.

Which situation might cause a country to specialize?. A country can make and sell goods affordably and buy goods that it is inefficient at making. The conclusion drawn from this analysis is that a country should specialize in products and services in which it has a comparative advantage. How does specialization enable countries to trade with one another.

Which situation might cause a country to specialize. Wheat production in a region with fertile soil. Since a country cannot produce all of its needs it makes sense for it to specialize in what it can produce efficiently then trade with another country that specializes in what it needs.

China is world renown for its manufacturing and industry. Which is the best example of a country that is dependent on other countries. Electronics in a city with few trained workers d.

COVID-19 may cause a surge of insolvency proceedings in Israel and around the world Businesses surviving the pandemic will be leaner and more robust. February 25 2021 Businessman giving a thumbs-up. It does not encourage trade because all countries can produce whatever they want.

Which situation might cause a country to specialize. The world is becoming more globalized and connected. A country that has little fertile soil.

Economic globalization is one of the three main dimensions of globalization commonly found in academic literature with the two others being political globalization and cultural globalization as well as the general term of globalization. Seafood in an area with few fishing vessels c. Which situation might cause a country to specialize.

What role does competition play in international trade. A country chooses to produce bananas instead of wheat A country chooses to invest in manufacturing and agriculture A country chooses to specialize in producing paper products A country chooses to export all of its products. It should trade with another country for products in.

For example America has begun to make some of their own products for example Asia has been known for the products they make but recently America has started to make their own electronics. The reason for specialized products is because countries need to have a special product that they can trade with other countries. Bananas grown far from major transportation seafood in an area with few fishing vessels electronics in a city with few trained workers wheat production in a region with fertile soil Wheat production in a region with fertile soil -might cause a country to specialize.

International trade has allowed countries to specialize in the production of products they can produce in masses that other countries might not be able to. Which situation might cause a country to specialize. Wheat production in a region with fertile soil.

Which situation might cause a country to specialize. Countries have unlimited resources so they dont need to specialize. International Trade Expert Tutor Services Homework Assignment Help Quiz Answers.

Bananas grown far from major transportation seafood in an area with few fishing vessels electronics in a city with few trained workers wheat production in a region with fertile soil Weegy. Wheat production in a region with fertile soil. Why does the US import oil.

Wheat production in a region with fertile soil. Which situation might cause a country to specialize. Which situation might cause a country to specialize.

Because it does not produce enough oil. Specialization and comparative advantage are separate but related concepts. A country that makes a product more inexpensively and efficiently than another country has.

Comparative advantage refers to a situation in which two entities may produce similar products yet one entity might have an advantage over the other due to lower production costs or other identified factors. Bananas grown far from major transportation b. Wheat production in a region with fertile soil.

Which situation might cause a country to specialize. Which situation might cause a country to specialize. Which statement best describes how globalization is affecting the world.

Wheat production in a region with fertile soil -might cause a country to specialize. The world is becoming more globalized and connected.

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