The organization of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as
A) comparative value.
B) advantage-taking.
C) specialization.
D) out-sourcing.
Correct Answer:
Verified
Q64: A country that must reduce current consumption
Q65: In general,specialization allows
A)constant opportunity costs.
B)greater self-reliance.
C)the production
Q66: If you are able to earn $20,000
Q67: Comparative advantage is always a(n)_ concept.
A)relative
B)engineering
C)monetary
D)absolute
Q68: Increasing relative costs are the result of
A)high
Q70: A person has a comparative advantage in
Q71: The opportunity cost of producing more capital
Q72: If a country increases the production of
Q73: Suppose a hectare of land yields 100
Q74: Economy A and Economy B have the
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