An isolated economy has ____________ possibilities for specialization when compared to the possibilities available to an easily accessible economy.
A) fewer
B) more
C) the same number of
D) no
E) an indeterminate number of

Question

Quizplus · Accepted Answer

An isolated economy has limited access to resources, information, and technology from outside its borders, resulting in a limited number of possibilities for specialization, making it difficult to achieve economies of scale and improve standards of living. In contrast, an easily accessible economy has more opportunities for specialization, trade, and innovation, allowing it to take advantage of the comparative advantage of other countries and expand its economic scope.

An Isolated Economy Has ____________ Possibilities for Specialization When Compared