A country that specializes:
A)spends all of its resources producing a particular good.
B)spends all of its resources producing those goods it has an absolute advantage in producing.
C)spends all of its resources producing only what other countries need.
D)spends all of its resources producing what it can make more of than anyone else.

Question

Quizplus · Accepted Answer

Specialization involves focusing resources on the production of a particular good or service, often due to comparative advantage, not necessarily absolute advantage or producing what others need.

A Country That Specializes