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Total Output in an Economy Increases When Each Person Specializes

Question 61

Multiple Choice

Total output in an economy increases when each person specializes because


A) there is less competition for the same resources.
B) each person spends more time producing that product in which he or she has a comparative advantage.
C) a wider variety of products will be produced within each country due to specialization.
D) government necessarily plays a larger role in the economy due to specialization.

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