Question 3 of 10 Specialization can help a country's economy by: A. increasing the cost of its voluntary exchanges. B. increasing its level of self-sufficiency. C. reducing the level of division in its labor force. D. reducing its overall opportunity costs.

Question

Question 3 of 10 Specialization can help a country's economy by: A. increasing the cost of its voluntary exchanges. B. increasing its level of self-sufficiency. C. reducing the level of division in its labor force. D. reducing its overall opportunity costs.

Answer 1

### D. Reducing its overall opportunity costs.

Answer 2

## Step 1: Understand the concept of specialization### Specialization refers to the practice of focusing on a limited scope of production to gain greater efficiencies and advantages.## Step 2: Identify how specialization impacts the economy### Specialization often leads to economies of scale, where the cost per unit decreases as production increases, thus reducing overall opportunity costs.## Step 3: Evaluate the provided options### Analyze each option in the context of specialization and economic impact:- A. Increasing the cost of its voluntary exchanges: Incorrect, specialization typically lowers costs.- B. Increasing its level of self-sufficiency: Incorrect, specialization leads to reliance on trade.- C. Reducing the level of division in its labor force: Incorrect, specialization increases division of labor.- D. Reducing its overall opportunity costs: Correct, specialization improves efficiency and reduces opportunity costs.

Question

Question 3 of 10 Specialization can help a country's economy by: A. increasing the cost of its voluntary exchanges. B. increasing its level of self-sufficiency. C. reducing the level of division in its labor force. D. reducing its overall opportunity costs.

Answer

Answer

Explanation