Which of the following statements about specialization and trade are correct?
A)They developed only in the twentieth century.
B)They exist only in capitalist economies.
C)They arose as humans changed from nomadic and self-sufficient food gatherers to settled food producers.
D)They developed only where government and political institutions were stable.
E)They occur only in the private sector.

Question

Quizplus · Accepted Answer

Specialization and trade arose as humans transitioned from nomadic and self-sufficient food gathering to settled food production, which allowed for the development of specialized tasks and the exchange of goods and services. This occurred even in pre-capitalist societies and did not require stable government or political institutions. It can also occur in both the private and public sectors.

Which of the Following Statements About Specialization and Trade Are