Students were asked over to answer a question at schools and to tell what is most important for them to succeed. One that response stood out from the rest was practice. Successful people absolutely not born successful; they become successful through hard work and determination. If you tend to obtain your goals, keep this in mind! beneath are one of the answer and question example that you will be able to work with to practice and improve your information and also give you insights that will help you to sustain your study in school.
Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,
The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.
- Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,
International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.
An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.
Conclusively, by specialization, countries specialize in certain products which they trade for other goods.
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