QUESTION IMAGE
Question
17/68 specialization products a country makes best that are demand on the world market. a limit on the amount of foreign goods that can come into a country. a tax placed on goods when they are brought into one country from another country. anything that slows downs or prevents one country from exchanging goods with another.
The term "Specialization" in economics (subfield of Business) refers to a country focusing on producing goods it can make best (with comparative or absolute advantage) to meet world market demand. The first option defines products a country makes best with high demand globally, matching specialization. The second is a quota, third a tariff, fourth a trade barrier.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
The first option (Products a country makes best that are demand on the world market)