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QUESTION IMAGE

what answer choice describes economic specialization? a. an economy in …

Question

what answer choice describes economic specialization?
a. an economy in which the government controls the means of production.

b. an economy in which all economic barriers to trade have been eliminated.

c. an economy in which producers produce the goods they can create most efficiently and trade for others

d. an economy in which producers look to the past in order to answer the three basic economic questions

Explanation:

Brief Explanations

Economic specialization involves producers focusing on producing goods they can make most efficiently and then trading. Option A describes a command economy, B is about free trade/global economy, D is a traditional economy. So C matches the definition of an economy with specialization.

Answer:

C. An economy in which producers produce the goods they can create most efficiently and trade for others