Specialization in production is economically beneficial primarily because it
A)allows everyone to have a job that he or she likes.
B)permits the production of a larger output with fixed amounts of resources.
C)facilitates trade by bartering.
D)guarantees full employment.

Question

Quizplus · Accepted Answer

Specialization allows individuals, businesses, and countries to focus on producing goods and services where they have a comparative advantage, leading to more efficient production and the ability to produce more with the same amount of resources. This increases overall economic output and efficiency.

Specialization in Production Is Economically Beneficial Primarily Because It