Multiple Choice
Two factories make wooden chairs. If the workers in factory A make each chair from start to finish and the workers in factory B divide labor, one would assume
A) the chairs in factory A are of higher quality.
B) the workers in factory B have more job satisfaction.
C) factory B can take advantage of division of labor and produce more efficiently.
D) factory A can take advantage of division of labor and produce more efficiently.
Correct Answer:

Verified
Correct Answer:
Verified
Q277: Refer to the above figure. Which of
Q278: When deriving the production possibilities curve, it
Q279: One opportunity cost associated with going to
Q280: The conversion of resources into consumer goods
Q281: Comparative advantage is always a(n) _ concept.<br>A)
Q283: The basic problem in economics is<br>A) unlimited
Q284: The making and selling of a pencil
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q286: A straight-line production possibilities curve takes this
Q287: Opportunity cost<br>A) can only be measured as