What are the types of specialization in economics?

What are the types of specialization in economics? Specialization can increase the productivity of and provide a comparative advantage for a firm or economy. Microeconomic specialization involves the individual actors and economic components, and macroeconomic specialization involves the broad advantage an economy holds in production. What can a producer gain by specializing? Answer: Specialization is […]

Can a minor start a nonprofit?

Can a minor start a nonprofit? Because a minor is not permitted in usual circumstances to sign or commit to a contract, the non-profit may be created by him or her but then run by another. However, if the teen has become emancipated, he or she may legally involve himself or herself as he or […]

Which theory maintains that emotions such as fear are caused by the interaction of physiological processes and the psychological interpretation of the situation?

Which theory maintains that emotions such as fear are caused by the interaction of physiological processes and the psychological interpretation of the situation? The James-Lange theory asserts that emotions arise as a function of physiological arousal. The Cannon-Bard theory maintains that emotional experience occurs simultaneous to and independent of physiological arousal. Which theory maintains that […]

What do natural law theorists believe?

What do natural law theorists believe? Natural law theorists believe that human laws are defined by morality, and not by an authority figure, like a king or a government. Therefore, we humans are guided by our human nature to figure out what the laws are, and to act in conformity with those laws. What is […]

What is the function of the immune system?

What is the function of the immune system? What is the immune system? The immune system protects your child’s body from outside invaders, such as bacteria, viruses, fungi, and toxins (chemicals produced by microbes). It is made up of different organs, cells, and proteins that work together. How does the immune system respond to bacteria? […]

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