Specialization and trade should lead to all of the following EXCEPT:
A)individuals learning specific skills and earning a salary.
B)a decrease in total economic output.
C)higher living standards.
D)the exchange of goods and services in markets.

Question

Quizplus · Accepted Answer

Specialization and trade will lead to individuals learning specific skills, earning a salary, exchanging goods and services in markets, and higher living standards. It will not lead to a decrease in total economic output as specialization allows workers to become more efficient and produce more goods and services.

Specialization and Trade Should Lead to All of the Following