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

Question

Quizplus · Accepted Answer

The concept of specialization and trade is based on the idea that people can acquire the goods they want at a lower cost than it would cost them to make the goods themselves. By specializing in the production of a particular good or service, individuals and businesses can become more efficient and productive, which can lead to lower costs and higher quality. By trading with others who specialize in the production of different goods or services, individuals and businesses can acquire a wider range of products and services than they would be able to produce on their own. This creates a more efficient and prosperous economy overall.

People Will Choose to Specialize and Trade If They Can