What Is Gained When People Engage in Specialisation and Trade

question 18

Multiple Choice

What is gained when people engage in specialisation and trade?

• A) There are no gains from specialisation and trade.
• B) Specialisation and trade allow people to consume outside their individual production possibilities frontiers.
• C) Specialisation and trade allow people to consume at a point on their production possibilities frontiers.
• D) Specialisation and trade allow people to consume inside their production possibilities frontiers.
• E) Specialisation and trade allow people to produce outside their individual production possibilities frontiers.