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Specialization and trade usually lead to what?

1) Economic growth
2) Increased competition
3) Higher prices
4) Decreased efficiency

User Kalina
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1 Answer

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Final answer:

Specialization and trade usually lead to economic growth.

Step-by-step explanation:

Specialization and trade usually lead to economic growth. When individuals and firms specialize in their trade, they become more productive and efficient. This leads to an increase in the overall output of goods and services, which results in economic growth. Additionally, specialization allows businesses to take advantage of economies of scale, leading to lower average production costs and increased efficiency.

User David Mulder
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