Specialization and international trade allows a nation to:
A) Produce a combination of goods that is beyond (or outside) its production possibilities
B) Consume a combination of goods that is beyond (or outside) its production possibilities
C) Have an upward-sloping production possibilities curve
D) Consume a lot of goods without having to produce any output

Question

Quizplus · Accepted Answer

Specialization and international trade enable a nation to consume beyond its production possibilities by allowing it to trade for goods it does not produce, thus accessing a greater variety and quantity of goods than it could produce on its own.

Specialization and International Trade Allows a Nation To