Question

specialization and trade exercise 4
specialization:
ensures that goods and services are produced by low - cost producers.
ensures more wealth for everyone.
creates more income for consumers and producers.
reduces the cost of production for all producers.

Explanation:

Specialization focuses on producers focusing on activities where they have a comparative advantage (lower opportunity cost), meaning goods/services come from low-cost producers. The other options are overgeneralizations: it does not guarantee wealth for everyone, does not directly create more income for all consumers/producers, and does not lower production costs for all producers.

Answer:

ensures that goods and services are produced by low-cost producers.