One Benefit of Trade Is That It

question 140

Multiple Choice

One benefit of trade is that it:

• A) increases the division of knowledge because trade makes people more self-sufficient, producing more of what they consume.
• B) allows for increased specialization and mass-production techniques that lower per unit costs of production.
• C) lowers productivity, leading to greater domestic employment.
• D) decreases economies of scale, making production more efficient.