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

A) the gains from trade.
B) the profits obtained from sales of a good or service.
C) marginal analysis.
D) a trade-off.

Specialization

The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.

Total Output

The total amount of goods or services produced by an economy or firm within a specific period.