Specialization in production is important primarily because it
A) results in greater total output.
B) allows society to avoid the coincidence-of-wants problem.
C) allows society to trade by barter.
D) allows society to have fewer capital goods.

Question

Quizplus · Accepted Answer

Specialization in production allows workers to focus on producing a limited range of goods or services, which increases their expertise and productivity. This leads to greater total output as workers are able to produce more efficiently and effectively.

Specialization in Production Is Important Primarily Because It