menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Principles
  4. Exam
    Exam 2: Scarcity, Choice, and Economic Systems
  5. Question
    Specialization and Exchange Result in
Solved

Specialization and Exchange Result in

Question 116

Question 116

Multiple Choice

Specialization and exchange result in


A) lower production levels than would otherwise be possible
B) higher living standards than would otherwise be possible
C) more down-time as workers switch activities more frequently
D) the assignment of workers to activities according to their preferences
E) self-sufficiency

Correct Answer:

verifed

Verified

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

Related Questions

Q111: Figure 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-3

Q112: A country currently is using all its

Q113: Under market capitalism,resources are allocated by<br>A) command

Q114: Two reasons why an economy might operate

Q115: An economic system includes<br>A) money,stocks and bonds<br>B)

Q117: Figure 2-12<br> <span class="ql-formula" data-value="\begin{array}

Q118: Figure 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-3

Q119: One explanation for the drop in the

Q120: Figure 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt="Figure 2-3

Q121: Economies organize according to the principle of

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