Multiple Choice
Which statement best describes why people choose to specialize?
A) Training is too expensive to specialize in multiple occupations.
B) Trade creates value.
C) Specialization increases productivity.
D) Specialization and trade allow them to consume more than they could produce individually.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Specializing in one's comparative advantage and trading
Q114: In Narnia, one binky can be produced
Q126: Tutoring Web sites like GrowingStars.com:<br>A) have been
Q127: Which of the following is NOT a
Q130: Although trade increases productivity, it decreases society's
Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 2-7
Q133: Trades are considered zero-sum transactions because if
Q135: The opportunity cost of producing a particular
Q159: The production possibilities frontier shows all the
Q196: In a world with trade, no one