Solved

A Required Element for Specialization to Lead to an Increase

Question 171

Multiple Choice

A required element for specialization to lead to an increase in the satisfaction of society's wants is

A) a capitalist economy.
B) exchange and trade.
C) the use of money.
D) a central plan.

Related Questions

Q166: International specialization and trade<br>A) must be done

Q167: Refer to the provided ﬁgure. If box

Q168: Laissez-faire capitalism is characterized by<br>A) a very

Q169: If economic proﬁts in a particular industry

Q170: The idea that the desires of resource

Q172: "Consumer sovereignty" refers to the<br>A) fact that

Q173: In a market economy, the incomes of

Q174: Suppose that an individual sees a tremendous

Q175: In a market system, a ﬁrm's employees

Q176: Two major virtues of the market system