A society could achieve a higher level of productivity if

Question

Quizplus · Accepted Answer

Taking advantage of each individual's comparative advantage means that each person in the society specializes in the production of goods or services in which they have the lowest opportunity cost, leading to more efficient and effective production. This results in a higher level of productivity compared to a society where each person is a jack-of-all-trades. The other options mentioned (C, D, and E) refer to protectionist trade policies, which could actually decrease productivity rather than increase it by limiting access to foreign markets and goods, leading to decreased competition and innovation.

A Society Could Achieve a Higher Level of Productivity If