Specialization allows nations to engage in which of the following?

Question

A.
producing goods to be bartered rather than bought

B.
purchasing goods and resources without trade barriers

C.
purchasing goods they cannot produce from other nations

D.
producing goods and services without regulatory oversight

Answer 1

Specialization allows nations to engage in:

C. purchasing goods they cannot produce from other nations

Specialization enables countries to focus on the production of certain goods and services where they have a comparative advantage, and consequently, they can trade with other nations to obtain goods they do not produce as efficiently.