Specialization and international trade allow a nation to
A)produce a combination of goods that is beyond (or outside) its production possibilities.
B)consume a combination of goods that is beyond (or outside) its production possibilities.
C)have an upward-sloping production possibilities curve.
D)consume a lot of goods without having to produce any output.

Question

Quizplus · Accepted Answer

Specialization and international trade enable a nation to consume beyond its production possibilities by allowing it to trade for goods it does not produce, thus accessing a greater variety and quantity of goods than it could produce on its own.

Specialization and International Trade Allow a Nation to