Total output in an economy increases when each person specializes because a wide

Question

Total output in an economy increases when each person specializes because a wider variety of products will be produced within each country due to specialization. each person spends more time producing that product in which he or she has a comparative advantage. there is less competition for the same resources. 1) a wider variety of products will be produced within each country due to specialization. 2) each person spends more time producing that product in which he or she has a comparative advantage. 3) there is less competition for the same resources. 4) government necessarily plays a larger role in the economy due to specialization.


Figure 9-2. The domestic country is China.

Explanation / Answer

2) each person spends more time producing that product in which he or she has a comparative advantage.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.