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They want to focus on the economic activities best suited to their resources
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What does Japan specialize in?
they specialize in technology
What do Irish people specialize in?
Being Irish
What does the Mission Santa Barbara specialize in?
cattle
What branch of the military did Napoleon specialize?
He was an Artillery Officer.
People who specialize in the study of language are called?
Linguists
Why do countries specialize in certain goods?
Countries specialize in producing certain goods for many reasons, but the most common is the condition of the soil and climate.
In order for a country to specialize in production?
Countries specialize in producing certain goods for many reasons, but the most common is the condition of the soil and climate.
Is it typical for countries to be completely specialized?
It isn't to common for countries to specialize in one particular product as it allows for no fall back. Although countries often do specialize in more then one product so they have something to fall back on if one product line deteriorates.
Different countries often specialize in producing different goods What is a consequence of this?
The countries are more likely to trade with each other
Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
What is tHe ability of countries to sPecialize in the production of certain goods is limited by the existence of what?
trade barriers :)
When tasks in an economy are specialized what exists?
"Division of labor. Dividing up tasks allows workers or countries to specialize in something specific."
Which providers specialize in import car insurance?
The providers that specialize in import car insurance are usually the Asian countries that have many visitors from the west. For example Japan has many providers for import car insurance.
What are the advantages and disadvantages of specialization on trade between countries in Southern and Eastern Asia?
the advantage is that when you specialize you can trade with other countries and get the product they specialize in the disadvantage is when you want to trade with someone to gain there product you end up losing more or another disadvantage is you might accedently trade with someone that has the same product as you
What is Heckscher-Ohlin's theory of International Trade?
Countries will tend to specialize in goods that utilize their abundant resources ( labor, minerals, etc.)
When tasks in an economy are specialized exists?
"Division of labor. Dividing up tasks allows workers or countries to specialize in something specific."
What is the most likely reason these countries specialize in olive oil instead of other countries like Belgium Norway or the United Kingdom?
The Mediterranean basin has a better climate for producing olive oil.
