Multiple Choice
Which of the following does not explain why specialization increases output?
A) Specialization capitalizes on differences in ability.
B) Specialization promotes self-sufficiency and independence.
C) Specialization fosters learning by doing.
D) Specialization saves time by eliminating shifting between tasks.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Legal and social rules that affect the
Q3: The development of the Internet and e-mail
Q4: The "invisible hand" concept to describe the
Q5: The process in which workers do specialized
Q7: Specialization and trade are beneficial to society
Q8: Which is not one of the Four
Q9: A division of labor enhances society's output
Q10: A competitive economy assumes each industry consists
Q11: The money income of households consists of
Q119: The idea that the desires of resource