When specialization is used
A) society is more productive, while individuals are less productive.
B) there are greater gains in overall well-being.
C) there is more emphasis on self-reliance.
D) opportunity costs tend to be constant.

Question

Quizplus · Accepted Answer

When specialization is used, individuals are able to focus on their specific skills and abilities, leading to increased efficiency and productivity. This can result in greater gains in overall well-being for society, as resources are used more efficiently and effectively. Opportunity costs may change as a result of specialization, as individuals may choose to specialize even if it means giving up other opportunities. However, the emphasis on self-reliance is not necessarily a result of specialization.

When Specialization Is Used