By specializing in the production of particular goods in which it has a comparative advantage, a nation is:
A) less likely to make efficient use of available resources.
B) less likely to engage in international trade.
C) able to become self-sufficient.
D) able to operate efficiently.

Question

Quizplus · Accepted Answer

By specializing in the production of goods in which it has a comparative advantage, a nation is able to allocate resources efficiently and increase productivity, leading to higher output and lower costs. This makes the nation more competitive in its respective industries and enables it to engage in international trade, which further enhances efficiency and economic growth. Self-sufficiency may not be possible or desirable, as certain goods may not be producible within a nation's borders or may be cheaper to import from other countries.

By Specializing in the Production of Particular Goods in Which