Responses
Countries enter into treaties that encourage trade, such as the North American Free Trade Agreement.
Countries enter into treaties that encourage trade, such as the North American Free Trade Agreement.
Quaternary industries develop that benefit existing retail structures in local economies by connecting them to other places around the country.
Quaternary industries develop that benefit existing retail structures in local economies by connecting them to other places around the country.
Urban centers refocus on primary industries, leading to the development of secondary industries that encourage exchange.
Urban centers refocus on primary industries, leading to the development of secondary industries that encourage exchange.
Places within a country specialize based on comparative advantage, meanwhile better technologies enable exchange.
1 answer
The option that best analyzes how exchange becomes more efficient at a national scale is:
Places within a country specialize based on comparative advantage, meanwhile better technologies enable exchange.
This option highlights the importance of specialization and the role of technology in facilitating efficient trade and exchange, which are key factors in improving economic efficiency on a national level.
