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When might a country specialize in producing a particular good?

  • Question 4c of 10 - Specialization

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: When might a country specialize in producing a particular good?
  • Answers:
  1. When it has high opportunity costs for producing that good
  2. When it has a well-developed productive infrastructure
  3. When it has an absolute advantage in production of that good
  4. When its costs of transportation are particularly low

The correct answer is: When it has an absolute advantage in production of that good. Having an advantage in production makes it a good idea for a country to specialize and export the good to other countries.

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