Specialization and trade exploit differences in productivity across workers and
A) only benefit the exporter.
B) only benefit the importer.
C) make everyone better off.
D) make everyone worse off.

Question

Quizplus · Accepted Answer

Specialization and trade allow countries to focus on producing goods in which they have a comparative advantage, leading to increased efficiency and productivity. This process benefits all parties involved by enabling them to consume more goods and services than they would in the absence of trade.

Specialization and Trade Exploit Differences in Productivity Across Workers and