Question

1. what term means work on what they do best?
2. name one benefit and one harmful effect of international trade.
3. what are some things that developed countries have in common?
4. what are some things less developed countries have in common?

Explanation:

1. Specialization means working on what one does best in an economic - context.
2. Benefit of international trade: access to a wider variety of goods. Harmful effect: job losses in some industries due to competition.
3. Developed countries often have high - levels of industrialization, advanced technology, and high per - capita income.
4. Less developed countries may have lower levels of industrialization, limited access to advanced technology, and lower per - capita income.

Answer:

1. Specialization
2. Benefit: Access to a wider variety of goods. Harmful effect: Job losses in some industries.
3. High - levels of industrialization, advanced technology, high per - capita income.
4. Lower levels of industrialization, limited access to advanced technology, lower per - capita income.