Following the principle of comparative advantage, specialization:

Question

Quizplus · Accepted Answer

Specialization allows for countries and individuals to focus on producing the goods and services they are most efficient at, resulting in greater total production compared to producing everything on their own. However, this often leads to an increased dependency on trade for goods and services that are not produced domestically. Therefore, both options A and B are correct, making C the best answer.

Following the Principle of Comparative Advantage, Specialization