Multiple Choice
Although specialization of labor increases efficiency of production, it can lead to another major problem:
A) the need to exchange goods among producers.
B) the need to remain fully employed.
C) the depletion of natural resources.
D) assuring that exchange leads to mutual gains.
E) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: Opportunity cost cannot be measured in money
Q222: An optimal decision is one that chooses
Q227: The notion of opportunity cost can be
Q228: The concavity or bowed-out shape of the
Q229: Employment discrimination is a source of<br>A)economic inefficiency.<br>B)increased
Q230: From a society's viewpoint, when all resources
Q232: What would be the opportunity cost of
Q233: Which of the following does not determine
Q234: Although all points on the PPF are
Q235: The opportunity cost of increased production of