Increases in total output realized when individuals specialize in particular tasks and trade are known as?

Question

the gains from trade.

the profits obtained from sales of a good or service.

marginal analysis.

a tradeoff.

Answer 1

Gains from trade.  Trade becomes very useful when people specialize in and perform different tasks.  Furthermore, there is the most productivity when people do the tasks they are specialized in.

Answer 2

From those choices it would have to be gains from trade.  Though really it's just consumer surplus plus producer profits from the division of labor specialization and trade.  I can't think of anything it's specifically known as other than gains.

Answer 3

The gains from trade. - Specialization requires trade because in order to specialize people need to give-up  production of all other goods/services to increase selected production efficiency. But to receive other goods which production were sacrificed trade method is used.