61.3k views
10 votes
Specialization can help a country's economy by:*

A) increasing its overall opportunity costs.
B)reducing the level of division in its labor force
C)increasing the cost of its voluntary exchanges
D)reducing its need to be self-sufficient,

User Pismy
by
2.9k points

2 Answers

13 votes

Answer:D

Step-by-step explanation:

User Rece
by
4.0k points
6 votes

Answer:

D)reducing its need to be self-sufficient,

Step-by-step explanation:

Specialisation by a country's economy means that it produces only the specialised goods & even export it, import the other goods.

It decreases opportunity costs, decreases cost of voluntary exchanges. Higher level of specialisation implies there is increased labor force division.

However, it reduces need of country to be self sufficient. As, it can gainfully trade its specialised goods for other goods (in which other economy specialises).

User Mgutt
by
3.4k points