A person can benefit from specialization and trade by obtaining a good at a price that is Group of answer choices lower than his or her opportunity cost of that good. the same as his or her opportunity cost of that good. higher than his or her opportunity cost of that good. different than his or her opportunity cost of that good

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08-08-2022
Business

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A person can benefit from specialization and trade by obtaining a good at a price that is Group of answer choices lower than his or her opportunity cost of that good. the same as his or her opportunity cost of that good. higher than his or her opportunity cost of that good. different than his or her opportunity cost of that good

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nutanraj654 nutanraj654 · Answer 1 · 2022-08-13T20:15:20+02:00

Specialization is a method of production whereby an entity makes a specialty of the production of a limited scope of products to advantage a greater degree of performance.

The benefits of specialization consist of: a larger amount of goods and offerings that may be produced, progressed productiveness, production beyond a kingdom's manufacturing possibility curve, and sources that may be used more effectively. Specialization also can result in a comparative gain.

International locations specialize, this alternative creates gains from trade. The advantages of specialization encompass a bigger amount of products and offerings that may be produced, stepped forward productivity, production beyond a country's production opportunity curve, and ultimately, assets that can be used more correctly.

Learn more about specialization trade here:https://brainly.com/question/24448534

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