Specialization is a way:
A)for individuals to make the best use of resources by devoting themselves to one primary productive activity.
B)for society to become wealthier while not using their resources.
C)for people to avoid trade.
D)of increasing the opportunity cost of an activity.
E)for society to become more self-sufficient.

Question

Quizplus · Accepted Answer

Specialization allows individuals to focus on their comparative advantage and produce the goods and services they are most efficient at producing, thereby making the best use of resources. This leads to increased productivity and economic efficiency, which in turn leads to higher levels of wealth and standard of living for society as a whole.

Specialization Is a Way