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Author Question: What is meant by gains from specialization? What will be an ideal ... (Read 61 times)

asmith134

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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.


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6ana001

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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

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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