Multiple Choice
How does human specialization contribute towards increasing an economy's output?
A) It exploits the differences in abilities
B) It is a process of creative destruction
C) It pushes each worker to master the whole product
D) It encourages people to be "jacks-of-all-trades"
Correct Answer:

Verified
Correct Answer:
Verified
Q119: Competition is more likely to exist when:<br>A)
Q120: The market system is an economic system
Q121: Which is an example of barter?<br>A) A
Q122: In a market system, as one industry
Q123: One basic problem faced by central planners,
Q128: Anything that is generally acceptable in trading
Q159: When somebody buys an insurance policy, that
Q164: The production technique that is most efficient
Q241: Which of the following best describes the
Q263: According to the circular flow model of