Ask Question
BusinessBusiness
20 June, 03:16

Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization of knowledge b. It creates equality throughout society c. It makes people better off when preferences differ d. Increase in productivity from specialization based on comparative advantages

+1
Answers (1)
  1. 20 June, 06:17
    0
    b. It creates equality throughout society

    Explanation:

    Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other, rather than each country producing each good.

    It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.

    However, it is not in anyways connected to equality throughout society.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Operation costing: a) tends to parallel process costing with respect to the treatment of conversion cost. b) tends to parallel process costing with respect to the treatment of direct materials.
Answers (1)
a black female employee is told that she cannot come to work with her hair in a decorative braids traditionally worn in Africa, and is she continues to do so, she will be terminated. Does the employee have a claim under Title VII?
Answers (1)
Why is it important to extensively evaluate all business opportunities? Select all that apply) To determine how it will affect current busines, To experience growth when possible.
Answers (1)
These are selected account balances on December 31, 2014:Land $100,000Land (held for future use) $800,000Buildings $800,000Inventory $200,000Equipment $450,000Furniture $100,000Accumulated Depreciation $300,000What is the total amount of property,
Answers (1)
When choosing a business forma. The corporate form is always the best, as evidence by this being the form of the largest organizations! b. Partnerships are the best because they have all the benefits of both corporations and partnerships! c.
Answers (1)
New Questions in Business
Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the
Answers (1)
What can be measured by the level of real gdp per person?
Answers (1)
Three people have identical rights but unequal shares in a property, share an indivisible interest, and may sell or transfer their interest without consent of the others. What type of ownership is this?
Answers (1)
If an owner of a business sells a share of the business to a partner, the effect on the balance sheet of the business will be that A. the total of assets and liabilities will increase B. the total of assets and liabilities will decrease C.
Answers (1)
The spotlight on small business box "earning while learning" features students who
Answers (1)
Home » Business » Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization of knowledge b. It creates equality throughout society c. It makes people better off when preferences differ d.
Sign Up Forgot Password?