Specialization of labor is a recent economic innovation, coming to the fore only in the twentieth century.
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Q13: For the past 200 years, economic decision
Q14: Entrepreneurship, together with labor, land, and capital,
Q15: Technology, time, and efficiency are the real
Q16: The opportunity cost is what each economy
Q17: Economic output has no limits: production possibilities
Q19: Money is a more efficient medium of
Q20: An economy is a social system because
Q21: The economy is a cultural system because
Q22: The transition from a mainly agricultural to
Q23: Karl Marx wrote The Protestant Ethic and
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