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2. A) List and describe three additional advantages of forming families, other than gains from trade....

2. A) List and describe three additional advantages of forming families, other than gains from trade.

B) List and describe two downsides to specializing according to comparative advantage within marriage.

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Answer #1

2) A) Advanatges of forming families : a) division of labor in the family , the work can be divided among each member so that one of them does not have to take all the burden . b) Specialization : division of labor leads to specialization . The man in the family is speciallized to work in farms while the women are specialized in household chores . This arises due to division of labor which leads to better prosperity of the family . c) Forming families can lead to cost reduction in family business since there will be no need to hire people to work for the business . It brings stability and flexibility in the business .

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