A person is a professional truck driver and a car salesperson. Which action would she most likely take if she wanted to increase her level of economic specialization?A.Move to another country that has fewer truck driversB.Continue driving trucks and selling cars, while also learning to repair enginesC.Hire an employee who can both drive trucks and sell carsD.Stop driving trucks to focus on becoming better at selling cars

Which statement best illustrates an example of economic specialization?A.A country reduces its division of labor by encouraging all workers to develop many different skills.B.A country attempts to become self-sufficient by producing all the cars it needs on its own.C.A country promotes businesses that create many different products despite high opportunity costs.D.A country focuses on growing a specific type of crop for export instead of a wide variety of crops.

Specialization can help a country's economy by:A.reducing the level of division in its labor force.B.increasing its level of self-sufficiency.C.reducing its overall opportunity costs.D.increasing the cost of its voluntary exchanges.

hat is one major effect of specialization on an economy?A.Opportunity costs for trade rise as businesses are slow to change.B.Voluntary exchange declines as fewer countries can trade internationally.C.Labor becomes more divided as workers focus on certain skills.D.Self-sufficiency becomes more important as many businesses shut down.

A country has a large number of highly advanced factories for producing cars. However, it does not have any sources of rubber to make wheels for the cars. Therefore, it has to import rubber from other countries. This situation best illustrates which factor that encourages global trade?A.Allowing for specializationB.Lowering opportunity costC.Acquiring natural resourcesD.Eliminating trade deficits

A country has a large number of highly advanced factories for producing cars. However, it does not have any sources of rubber to make wheels for the cars. Therefore, it has to import rubber from other countries. This situation best illustrates which factor that encourages global trade?A.Allowing for specializationB.Eliminating trade deficitsC.Acquiring natural resourcesD.Lowering opportunity cost