Answer to Question #227433 in Macroeconomics for Millicent

Question

World production will be greater when there is-------.

Select one:

a. self-sufficiency and specialisation

b. trade and specialisation

c. trade and non-specialised production

d. non-specialisation and self-sufficiency

Answer 1

b) trade and specialisation

Several nations tend to specialize in production of services and goods which are native to the world.