If countries specialized and then traded, world production would increase.

Question

Quizplus · Accepted Answer

When countries specialize in producing goods and services that they can produce efficiently and trade with other countries, each country can benefit from the other country's specialization, leading to an increase in the overall production and efficiency of the global economy. This is known as comparative advantage, and it allows for greater efficiency and productivity, thereby increasing world production.

If Countries Specialized and Then Traded, World Production Would Increase