A factory focusing on manufacturing a single item and a farmer concentrating on producing a particular crop are examples ofMultiple choice question.specialization.globalization.diversification.industrialization.

Specialization and trade allow a country toGroup of answer choicesproduce and consume on its production possibility frontier.produce and consume inside its production possibility frontier.produce and consume outside its production possibility frontier.produce on its production possibility frontier and consume outside it.

Production of diverse varieties of crops rather than one specialized crop is called ____. (Choose the correct alternative to fill up the blank) 1 (a) diversification of crops (b) diversification of agricultural production (c) diversification in sectors (d) diversification of employment

If a country differs from the rest of the world in taste patterns but not in production capabilities, the trade will lead to some international specialization in ___________.Select one:a.Productionb.Consumptionc.Productivityd.Techniques of production

Without specialization countries would have _________ goods.Multiple Choicefewermorethe same amount ofnew

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.