Specialization in tasks in which one is more proficient coupled with trade:
A) can lead to gains for all parties.
B) leads to gains for one party and losses for the other parties.
C) leads to losses for all parties.
D) works only with government intervention.

Question

Quizplus · Accepted Answer

Specialization in tasks leads to efficiency and increased productivity, which can lead to gains for all parties involved in the trade. By focusing on what they do best, each party can produce more and trade for goods they need or want from others who specialize in different tasks. This creates a win-win situation where everyone benefits.

Specialization in Tasks in Which One Is More Proficient Coupled