The most obvious benefit of specialization and trade is that they allow us to

Question

a.

work more hours per week than we otherwise would be able to work.
b.

spend more money on goods that are beneficial to society, and less money on goods that are harmful to society.
c.

consume more goods by forcing people in other countries to consume fewer goods.
d.

consume more goods than we otherwise would be able to consume.

Answer 1

The most obvious benefit of specialization and trade is that they allow us to

d. consume more goods than we otherwise would be able to consume.

Specialization enables individuals or countries to focus on producing goods and services in which they have a comparative advantage, while trade allows them to exchange their surplus for other needed goods and services. As a result, both parties can enjoy a greater variety and quantity of goods than if they were solely reliant on their own production capabilities.