Trade

A) allows specialization, which increases costs.
B) allows specialization, which reduces costs.
C) reduces specialization, which increases costs.
D) reduces specialization, which reduces costs.

Specialization

The practice of focusing on a narrow area of expertise to improve efficiency and productivity in production or performance.

Trade

The exchange of goods, services, or both, within or between countries or individuals.

Costs

Represents the value of resources used in the production of goods and services, often associated with expenses incurred by businesses.