Resources are used more efficiently if people, regions, and countries specialize in goods for which they have a(n):
A)disincentive to trade with others.
B)higher opportunity cost.
C)absolute advantage in production.
D)comparative advantage in production.
E)comparative disadvantage in production.

Question

Quizplus · Accepted Answer

Specialization based on comparative advantage allows individuals or regions to produce goods at a lower opportunity cost than others, which leads to more efficient use of resources and higher overall productivity.

Resources Are Used More Efficiently If People, Regions, and Countries