Multiple Choice
With the use of specialization:
A) society is more productive,while individuals are less productive.
B) there are greater gains in material well-being.
C) there is more emphasis on self-reliance.
D) opportunity costs tend to be constant.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Microeconomics is concerned with issues such as<br>A)
Q56: The concept of scarcity implies that people
Q66: If two variables are positively related,then as
Q67: A basic supposition of economics is that:<br>A)
Q68: Suppose Mike has three hours of time
Q71: Describe the ceteris paribus assumption and discuss
Q73: Which topic is MOST likely to be
Q145: Because of scarcity:<br>A) resources are limitless.<br>B) wants
Q230: The observation that highly productive countries have
Q248: Positive questions involve the understanding of basic