Specialization Occurs When Each Individual,firm,or Country ________

Multiple Choice

Specialization occurs when each individual,firm,or country ________.

A) produces only a few specific goods and relies on trade for the other goods and services it needs
B) is self-sufficient and produces all goods and services it needs, without relying on imports
C) produces only those goods for which it has a higher opportunity cost of production than that for other nations
D) produces only those goods which are in demand in the global market and allow for high rates of profitability