Which statement is TRUE about specialization and exchange between two individuals?
A) They generally benefit the poorer individual at the expense of the richer individual.
B) They generally benefit the richer individual at the expense of the poorer individual.
C) They generally benefit the poorer individual as well as the richer individual.
D) They generally benefit neither the poorer individual nor the richer individual.

Question

Quizplus · Accepted Answer

Specialization and exchange generally benefit both individuals involved because it allows each person to focus on their area of expertise and trade with someone who has a different expertise. This creates a mutually beneficial trade where both parties gain from the exchange. It is not a zero-sum game where one person benefits at the expense of the other.

Which Statement Is TRUE About Specialization and Exchange Between Two