People will choose to specialize and trade if:
A)they can acquire the goods they want at a lower cost than it will cost them to make the good themselves.
B)they can acquire the goods they want at a higher cost than it will cost them to make the good themselves.
C)they can acquire the goods they want from someone who is willing to trade with them.
D)they can acquire the goods they want from a capitalistic system of exchange.

Question

Quizplus · Accepted Answer

Specialization and trade allow individuals to take advantage of comparative advantage, which means they can produce goods at a lower opportunity cost than someone else. By specializing in what they are best at producing, individuals can trade with others who excel in producing other goods, resulting in a lower cost of acquiring the goods they want compared to making them themselves. This is the basic principle of trade and why people choose to specialize and exchange goods and services.

People Will Choose to Specialize and Trade If