Specialization and trade should NOT lead to:
A)individuals learning specific skills and earning a salary.
B)a decrease in total economic output.
C)higher living standards.
D)the exchange of goods and services in markets.

Question

Quizplus · Accepted Answer

Specialization and trade typically lead to an increase in total economic output and higher living standards as resources are allocated more efficiently. Therefore, a decrease in total economic output is not an expected outcome of specialization and trade.

Specialization and Trade Should NOT Lead To