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Which of the following best explains how trade enables greater specialization among producers?
Wiki User
∙ 10y ago
trade allows people to focus on one kind of production and trade for their other needs.
Wiki User
∙ 10y ago
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What explains how trade enables greater specialization among producers?
Trade allows people to focus on one kind of production and trade for their other needs.
What best explains how trade enables greater specialization among?
trade allows people to focus on one kind of production and trade for their own needs.
When an economy relies on specialization?
trade enables individuals to obtain the goods in which they do not have a specialization
Ask us anythingThe existence of an international division of labor among countries enables those countries to have what?
Specialized production
Which of the following best explains one of the benefits provided by economic of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
What explains how trade enables greater specialization among producers?
Trade allows people to focus on one kind of production and trade for their other needs.
What best explains how trade enables greater specialization among?
trade allows people to focus on one kind of production and trade for their own needs.
When an economy relies on specialization?
trade enables individuals to obtain the goods in which they do not have a specialization
Ask us anythingThe existence of an international division of labor among countries enables those countries to have what?
Specialized production
Enables skill improvements and raises efficiency?
Specialization yeahyuhyewh. :D
Which of the following best explains one of the benefits provided by economic of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
How trade enables greater specielization among producers?
suk a dik
What results from outsourcing jobs from the United states to other countries?
Lower labor costs in other countries lead to job less in the United States because it enables producers to undersell domestic producers.
What of the following best explains why the money supply is increased when the Fed buys T-bonds on the open market?
The purchase of bonds increases the amount of deposits in people's bank accounts, which enables banks to loan more money
Why does the growth of the international trade lead to a rising global standard living?
International trade enables specialization, which brings increased efficiency and greater competition.
Why does the growth of international trade lead to a global rising standard of living?
International trade enables specialization, which brings increased efficiency and greater competition.
Why do lower costs in other countries lead to job loss in the unite states?
Lower labor costs in other countries lead to job less in the United States because it enables producers to undersell domestic producers.
