Question and answer
What does it mean when an economist says that an area specializes in producing certain products? a. They use their resources to produce a limited range of goods. b. They produce only certain
goods rather than everything they need. c. They produce only goods for which they have an export market. d. They use the money from their exports to buy food and fuel.
The answer is: B)They produce only certain goods rather than everything they need.
Get an answer
Original conversation
User: definition for: The idea that a nation is better off when it produces goods and services for which it has a comparative advantage.

User: definition for: a good that is sent to another country for sale

User: What does it mean when an economist says that an area specializes in producing certain products? a. They use their resources to produce a limited range of goods. b. They produce only certain goods rather than everything they need. c. They produce only goods for which they have an export market. d. They use the money from their exports to buy food and fuel.

Weegy: The answer is: B)They produce only certain goods rather than everything they need.
Expert answered|kbhagi|Points 20|



Question
Asked 7/9/2013 11:57:35 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
When a nation imports more than it exports, economists say it has which of the following? a. a trade surplus c. a trade deficit b. a balance of trade d. a national difference
Weegy: The balance of trade measures the When a nation imports more than it exports, economists say it has c. a trade deficit. User: When a magazine reports that there has been a depreciation of the dollar, what does this mean? a. There has been a decrease in the value of what a dollar can buy of foreign products. c. The value of the dollar has increased. b. A portion of United States currency has been used up and will have to be retired from circulation. d. The Federal Reserve will have to buy government securities in order to replenish the money supply. (More)
Question
Expert Answered
Asked 7/9/2013 10:27:13 AM
0 Answers/Comments
In contrast to a fixed-rate system, what does a flexible exchange-rate system allow? a. The exchange rate is based on the amount of currency available in each nation. b. The exchange rate is based on the prior month s trade ratio. c. The exchange rate must fall within a predetermined range. d. The exchange rate is determined by supply and demand
Weegy: The answer is a. The exchange rate is based on the amount of currency available in each nation. User: What did the Bretton Woods Conference do? a. established a single world currency. c. set up productivity standards for the United States and Europe. b. established a foreign exchange market. d. created a fixed exchange rate system between the United States and most of Europe. Weegy: Answer is d. created a fixed exchange rate system between the United States and most of Europe. (More)
Question
Expert Answered
Asked 7/9/2013 10:33:54 AM
0 Answers/Comments
What is the exchange rate method where a government does not abolish the private market for foreign exchange, but instead fixes exchange rates by standing ready to absorb any surpluses and/or fill any shortages? a. floating exchange rate c. fixed and convertible exchange rate b. fixed and unconvertible exchange rate d. balance of payment exchange rate
Weegy: C. fixed and convertible exchange rate is the exchange rate method where a government does not abolish the private market for foreign exchange, but instead fixes exchange rates by standing ready to absorb any surpluses and/or fill any shortages. [ ] User: What did the Bretton Woods Conference do? a. established a single world currency. c. set up productivity standards for the United States and Europe. b. established a foreign exchange market. d. created a fixed exchange rate system between the United States and most of Europe. Weegy: The Bretton Woods conference do a d. created a fixed exchange rate system between the United States and most of Europe. (More)
Question
Expert Answered
Asked 7/9/2013 10:43:44 AM
0 Answers/Comments
A euro is a tariff on United States goods. True or False
Weegy: yes this is true. (More)
Question
Expert Answered
Asked 7/9/2013 10:48:06 AM
0 Answers/Comments
18,765,434 questions answered
Popular Conversations
Identify the subjunctive verb in the sentences below. I don't know ...
Weegy: I don't know the answer. I wish I knew it. WISH is the subjunctive verb in the sentence.
12/17/2014 6:09:48 PM| 3 Answers
When you're creating garnishes, which of the following is the most ...
Weegy: Cucumber will do, but also you can use other fruits and vegetables too like watermelon, carrots, Red bell ...
12/17/2014 12:42:27 AM| 2 Answers
t Object]User: Poverty threshold is an income level above which ...
Weegy: ... then of the Social Security Administration- determines which households have insufficient ... income is ...
12/17/2014 5:44:53 AM| 2 Answers
Given the points A(0, 0), B(e, f), C(0, e) and D(f, 0), determine if ...
Weegy: Please clarify your question. User: Indicate in standard form the equation of the line passing through the ...
12/17/2014 11:42:53 AM| 2 Answers
Which term best describes the underlined words? Having good balance ...
Weegy: If Jacob wants to surf the waves, he can rent a surfboard. "to surf the waves" is an infinitive phrase. User: ...
12/17/2014 2:59:27 PM| 2 Answers
The securities and exchange commission is
Weegy: Hello, I hope this research helps you. [smile] The mission of the U.S. [ Securities and Exchange Commission is ...
12/17/2014 5:12:34 PM| 2 Answers
The value of y varies directly with x, and y = 12 when x = 6. Find y ...
Weegy: -3 / 4 + 1.5 = 0.75 User: If y=6 when x=9, find X when Y=12
12/17/2014 8:18:35 PM| 2 Answers
Weegy Stuff
S
L
P
Points 980 [Total 4824]| Ratings 0| Comments 980| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 594 [Total 14779]| Ratings 0| Comments 594| Invitations 0|Offline
S
L
Points 591 [Total 1282]| Ratings 1| Comments 581| Invitations 0|Offline
S
Points 589 [Total 589]| Ratings 1| Comments 579| Invitations 0|Offline
S
P
C
L
P
L
1
Points 82 [Total 6401]| Ratings 1| Comments 72| Invitations 0|Offline
S
L
Points 64 [Total 1524]| Ratings 1| Comments 54| Invitations 0|Offline
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
S
Points 21 [Total 21]| Ratings 0| Comments 21| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.