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
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
Question
Not Answered
Updated 126 days ago|3/27/2015 5:19:26 AM
1 Answer/Comment
When a nation imports more than it exports, economists say it has a trade deficit.
Added 126 days ago|3/27/2015 5:19:26 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [3/27/2015 5:20:43 AM]
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
21,761,492 questions answered
Popular Conversations
5. What is the correct order of the four steps of the writing ...
Weegy: A. revise. User: 6. The past tense of the verb drive is A. drove. B. droved. C. drived. D. driven.
7/31/2015 6:30:58 AM| 3 Answers
Mammals first appeared during the ______. a. Cenozoic ...
Weegy: Mammals first appeared during the TRIASSIC PERIOD.
7/30/2015 8:10:19 AM| 2 Answers
What is an example of adding energy to a substance and causing a ...
Weegy: A. heating a rock to make it hot User: A color change happens during an experiment mixing two liquids. Is ...
7/30/2015 12:32:38 PM| 2 Answers
Constantine was the first Christian ruler of Rome.
Weegy: CONSTANTINE was the first Christian ruler of Rome. User: A stele is an upright stone slab that is ...
7/30/2015 2:55:13 PM| 2 Answers
Write -2x 2(-5x 2 +4x 3) in standard form.
7/30/2015 3:10:48 PM| 2 Answers
Which of the following statements is true? Both photosynthesis ...
Weegy: Photosynthesis and cellular respiration are the two main processes performed by most living organisms to obtain ...
7/30/2015 4:56:50 PM| 2 Answers
4. Which one of the following word or words is an example of a ...
Weegy: A. Because User: 5. What is the simple subject of the following sentence? During the night, the frightened ...
7/30/2015 8:42:51 PM| 2 Answers
Weegy Stuff
S
1
L
Points 872 [Total 1383]| Ratings 1| Comments 862| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
L
Points 784 [Total 10318]| Ratings 3| Comments 734| Invitations 2|Offline
S
L
L
Points 364 [Total 8564]| Ratings 5| Comments 314| Invitations 0|Offline
S
Points 296 [Total 296]| Ratings 1| Comments 286| Invitations 0|Offline
S
Points 214 [Total 214]| Ratings 1| Comments 204| Invitations 0|Online
S
1
L
L
Points 83 [Total 8463]| Ratings 0| Comments 83| Invitations 0|Offline
S
Points 77 [Total 77]| Ratings 0| Comments 77| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 3| Comments 20| Invitations 0|Offline
S
Points 41 [Total 41]| Ratings 2| Comments 21| Invitations 0|Offline
S
Points 19 [Total 319]| Ratings 0| Comments 19| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.