Statement I: A society in which everyone is self-sufficient will generally have a higher standard of living than one in which everyone specializes in a particular type of work.
Statement II: People can specialize only if there is a well-developed system of exchange.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

Statement I is false because specialization leads to increased productivity, which in turn leads to higher standards of living. Statement II is true as without a well-developed system of exchange, people cannot specialize as they would not be able to obtain the goods and services that they need but cannot produce themselves.

Statement I: a Society in Which Everyone Is Self-Sufficient Will