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Loraine Loraine
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Posts: 4563
7 years ago
What is gained when people engage in specialization and trade?
A) Specialization and trade allow people to consume outside their individual production possibilities frontiers.
B) Specialization and trade allow people to consume inside their production possibilities frontiers.
C) Specialization and trade allow people to consume at a point on their production possibilities frontiers.
D) Specialization and trade allow people to produce outside their individual production possibilities frontiers.
E) There are no gains from specialization and trade.
Textbook 

Essential Foundations of Economics


Edition: 7th
Authors:
Read 367 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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DropxDropx
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7 years ago
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7 years ago
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