Specialization and exchange between two individuals generally benefit the poorer individual at the expense of the richer individual.

Question

Quizplus · Accepted Answer

Specialization and exchange between two individuals generally benefit both parties, as each can focus on producing goods or services in which they have a comparative advantage, leading to increased overall efficiency and potential gains for both, regardless of their initial wealth status.

Specialization and Exchange Between Two Individuals Generally Benefit the Poorer