International Specialisation

What is an advantage of international specialisation?

• choice is limited

• countries become overdependent on each other

• resources are used more efficiently

• resources are easily depleted

What is most likely to encourage international specialisation?

• to produce a variety of goods

• an increase in transportation costs

• to limit consumer choice

• to efficiently produce goods at the lowest price possible

Which of the following countries may most likely specialize in the tourism industry as well as in the production of rice?

• Saudi Arabia

• Australia

• Thailand

• Russia

Consumers will have a variety of goods and services to choose from.

• Advantage

• Disadvantage

A country will be able to increase the quantity of goods it produces.

• Advantage

• Disadvantage

A product that a country specializes in may become obsolete (of no use) to other countries and many people will lose their jobs.

• Advantage

• Disadvantage

Producing efficiently, having the resources to produce and having an advantage over other countries will encourage a country to specialize.

• True

• False