Question
What is a true statement about how specialization increases productivity in a nation?
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It allows a nation to allocate its resources more efficiently.
If a nation has an absolute advantage for producing a specific product, it should produce that product.
It enables a nation to be completely self-sufficient.
It enables a nation to diversify its agricultural production.
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It allows a nation to allocate its resources more efficiently.
If a nation has an absolute advantage for producing a specific product, it should produce that product.
It enables a nation to be completely self-sufficient.
It enables a nation to diversify its agricultural production.
Answers
GPT-4o mini
The true statement about how specialization increases productivity in a nation is:
**It allows a nation to allocate its resources more efficiently.**
Specialization helps nations focus on producing goods and services in which they have a comparative advantage, leading to more efficient use of resources and increased overall productivity.
**It allows a nation to allocate its resources more efficiently.**
Specialization helps nations focus on producing goods and services in which they have a comparative advantage, leading to more efficient use of resources and increased overall productivity.