Specialized production and international trade increase a nation's productivity and increase the availability of goods and services.

Question

Quizplus · Accepted Answer

Specialized production allows workers to focus on tasks that they are most efficient at, leading to higher productivity. International trade allows countries to specialize in what they produce best and import what they need, increasing the availability of goods and services overall. Therefore, both specialized production and international trade can increase a nation's productivity and availability of goods and services.

Specialized Production and International Trade Increase a Nation's Productivity and Increase