Specialization is beneficial
A)at the individual firm level, but not at the national and international levels.
B)at the individual, regional, and even international levels.
C)only if there are differences in the abilities of resources.
D)only as long as money and capital goods are employed.

Question

Quizplus · Accepted Answer

Specialization allows individuals, firms, and countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity at all levels.

Specialization Is Beneficial