When Individuals or Groups Specialize in Producing Those Goods for Which

question 78

Multiple Choice

When individuals or groups specialize in producing those goods for which they have a comparative advantage and exchange those goods with one another,

• A) those with an absolute advantage will gain the most,while those without an absolute advantage will lose.
• B) those with a comparative advantage will gain the most,while those without a comparative advantage will lose.
• C) total production will be greater than it would be without specialization,but would be the greatest if they produced those goods in which they only have an absolute advantage.
• D) total production will be less than it would be without specialization.
• E) total production will be the greatest that they can achieve given the available resources.

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