Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4- Why do some countries specialize in producing and trading (export) certain commodities? Example: The United States specializes in producing grains, Japan in electronics, India

4- Why do some countries specialize in producing and trading (export) certain commodities? Example: The United States specializes in producing grains, Japan in electronics, India in textile, Brazil in coffee, Mexico in cars, Saudi Arabia in oil, and Taiwan in electronic products part

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Dean Karlan, Jonathan Morduch

1st edition

978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531

More Books

Students also viewed these Economics questions

Question

Give a method for simulating a hypergeometric random variable.

Answered: 1 week ago

Question

What is impulse buying? (p. 319)

Answered: 1 week ago

Question

Behaviour: What am I doing?

Answered: 1 week ago