Specialization and trade usually lead to?

Question

lower economic growth.

the exchange of goods and services in markets.

lower living standards.

higher prices.

Answer 1

The exchange of goods and services in markets. -  this one is right, because specialization requires giving-up opportunity of producing many goods to producing one good more efficiently.

Answer 2

.- lower economic growth: False, those increase the economic growth.

.- the exchange of goods and services in markets.: True, those increase the activity of markets and trade.

.- lower living standards: False, those let to reach higher living standards.

.- higher prices: False, those let to economies increase productivity and offer lower prices.