Multiple Choice
Which of the following statements is TRUE? I. Trade allows people to specialize in their area of expertise, increasing society's output of goods and services. II. Specialization and the division of knowledge decreased with the fall of the Berlin Wall and opening of China's economy to the world. III. Society's knowledge is limited if everybody produces the same thing.
A) I only
B) II and III only
C) I and III only
D) II only
Correct Answer:
Verified
Correct Answer:
Verified
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