The benefits of specialization can be used to explain why:
A) workers prefer to work on a variety of tasks during the day.
B) machines are more productive than human workers.
C) trade can make both parties to the trade better off.
D) big companies take advantage of smaller ones.

Question

Quizplus · Accepted Answer

Specialization allows workers to focus on tasks they are able to do efficiently and effectively. This leads to increased productivity and output, which can then be traded with other individuals or countries who specialize in producing different goods or services. Through specialization and trade, both parties can benefit from receiving the goods or services they need at a lower cost than if they were to produce them independently.

The Benefits of Specialization Can Be Used to Explain Why