If people tried to produce most of what they need on their own, then this would lead to a more efficient use of the economy's resources.

Name: If people tried to produce most of what they need on their own, then this would lead to a more efficient use of the economy's resources.
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Question

Quizplus · Accepted Answer

Specialization and trade allow for more efficient production and allocation of resources, as individuals and countries can focus on producing goods and services in which they have a comparative advantage.

If People Tried to Produce Most of What They Need