Question

During the late Middle Ages, many Italian city-states were able to become wealthy and powerful. Some of them were successful because they provided one kind of service or made one product. For example, the city-state of Urbino only manufactured a type of pottery from clay that was found near by. Which economic concept is best illustrated by the activities of the Italian city-states?

A. technology
B. scarcity
C. interdependence
D. specialization

Answer 1

D. specialization

Step-by-step explanation:

The economic concept that is best illustrated by the activities of the Italian city-states is D) specialization. The city-states were able to become wealthy and powerful by focusing on producing a specific product or providing a particular service in which they had a comparative advantage. This allowed them to become highly efficient and productive in their specialized area, and to trade with other city-states for goods and services in which they were not as proficient. This specialization and trade allowed them to become interdependent and to benefit from the advantages of a larger market, ultimately leading to their success.