An increase in specialization ultimately leads to higher standards of living for all involved in economic trade.
How does specialization affect an economy?
Specialization Leads to Economies of Scale. The more they focus on one job, the more successful they are in this task, which means less time and less money involved in good production.
Or put it another way, the same time and the same amount of money allows for the production of more goods.
Thus, When specialization increases, Production increases in an economy. Option B. is the correct answer.
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