None of the provided options correctly evaluates the effect specialization can have on the economies of countries with already strong economies.
The correct answer should be:
• These countries can further specialize in industries or sectors where they have a comparative advantage, leading to increased efficiency, productivity, and competitiveness in those sectors. This can result in increased exports, economic growth, and job creation.
Which of the following correctly evaluates the effect specialization can have on the economies of countries with economies that are already strong? (1 point)
• These countries take advantage of their relatively higher levels of education to produce products with more lower wage workers than other economies.
• These countries often take advantage of their stable educational system to produce goods and services that use
highly skilled labor.
• These countries tend to focus on the production of all goods and services needed by people in their country.
• These countries often take advantage of their lower levels of education to produce goods and services that do not require the use of technology.
1 answer