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 67 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
Thanks for the timely response, appreciate it

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

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
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
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 ...
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library