This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant by gains from specialization? What will be an ideal ... (Read 49 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
What is meant by gains from specialization?
 
  What will be an ideal response?

Question 2

Refer to the above table. The equilibrium real GDP is
 
  A) 14 billion. B) 12 billion. C) 15 billion. D) 13 billion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

Gains from specialization are the economic gains that the society can obtain by having some individuals, regions or countries specialize in the production of certain goods and services.

Answer to Question 2

A


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Excellent

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf
Hemispheric Specialization Hemispheric Specialization
Cultures Ideal Body Types Cultures Ideal Body Types
What are examples of ideal forms? What are examples of ideal forms?
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library