Question 5 of 10 Which statement best illustrates an example of economic specialization?
A. A business expects each of its employees to understand how to
do a wide variety of jobs.
B. A business focuses on producing screens for phones instead of
manufacturing the entire phone.
C. A business relocates to another country in order to pay lower tax
rates on its products.
D. A business expands to begin manufacturing clothing, designing
software, and exporting crops.

B. A business focuses on producing screens for phones instead of

manufacturing the entire phone.

Explanation:

Economic specialization means the production process in which the firm focused to produced in order to gain more degree of efficiency

So as per the given options, the option B is correct as the business if focused on producing the screens rather manufacturing the overall phone

Hence, all the other options are incorrect

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

(75years ,i believe is the correct answer.good luck