menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
  5. Question
    The Division of Labor Can Benefit Society Only If
Solved

The Division of Labor Can Benefit Society Only If

Question 229

Question 229

Multiple Choice

The division of labor can benefit society only if


A) a system of exchange exists.
B) society uses all of its resources efficiently.
C) society has no specialized resources.
D) labor resources are not scarce.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q224: During World War II, Hitler would often

Q225: Whenever two individuals trade with each other,

Q226: Figure 3-3<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-3 ​

Q227: If you discover that the opportunity cost

Q228: The concavity or bowed-out shape of the

Q230: In early 1996, the upper Midwest suffered

Q231: In the Wealth of Nations, Adam Smith

Q232: Draw a production possibilities frontier for an

Q233: The statement "Resources employed in producing X

Q234: Which of the following does not determine

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines