Specialization:
A)is a way for individuals to make the best use of resources by devoting themselves to one primary productive activity.
B)is a way for society to become wealthier while not using their resources.
C)is a way for people to avoid having to trade.
D)increases one's opportunity cost of the activity they choose to specialize in.

Question

Specialization:​
A)​is a way for individuals to make the best use of resources by devoting themselves to one primary productive activity.
B)​is a way for society to become wealthier while not using their resources.
C)​is a way for people to avoid having to trade.
D)​increases one's opportunity cost of the activity they choose to specialize in.

Quizplus · Accepted Answer

Specialization allows individuals to focus on their strengths and become more productive at one activity, ultimately leading to overall economic growth and increased efficiency in resource allocation. However, it also means that individuals must give up the opportunity to produce other goods and services, resulting in an increased opportunity cost.

Specialization:​

Specialization: