Specialization in production and then trading with other countries

Question

Quizplus · Accepted Answer

Specialization in production and trading with other countries can benefit all countries by allowing each to focus on producing what they are most efficient at producing. This leads to an overall increase in world output and can improve the standard of living for all countries involved, including poor countries. By specializing in what they are most efficient at producing, poor countries can increase their exports and earn more income, which can help to reduce poverty and spur economic growth. Therefore, B is the best choice.

Specialization in Production and Then Trading with Other Countries