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Country X can produce corn and sugar at a lower cost than other countries. However, the world market for corn is stronger than for sugar. Therefore, Country X chooses to specialize in producing corn and
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Country X can produce corn and sugar at a lower cost than other countries. However, the world market for corn is stronger than for sugar. Therefore, Country X chooses to specialize in producing corn and to buy sugar from other countries. This example illustrates the concept of _____ .

User NominSim
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Answer:

Specialization or Scarcity

Step-by-step explanation:

Questions like this usually have an answer of Scarcity but if Specialization is a choice then choose that because it is a direct example of Specialization.

User Shmsi
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