Economists generally believe that a person should specialize in the production of a good or service if:

Question

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Specialization is most efficient when a person can produce a good or service while forgoing the fewest alternative products. This means that they have a comparative advantage in producing that good or service, which is determined by the opportunity cost of producing that good or service compared to other goods or services they could produce instead. By specializing in the good or service with the lowest opportunity cost, they can maximize their overall production and trade with others who have different comparative advantages.

Economists Generally Believe That a Person Should Specialize in the Production