Solved

Economy X Has Just One Worker, While Economy Y Has

Question 112

Multiple Choice

Economy X has just one worker, while Economy Y has 100 workers. Both have the same capital and land resources and produce the same good. If labor specialization occursin Economy Y, we would expect Economy Y to produce


A) exactly the same quantity of goods as Economy X
B) 100 times the quantity of goods as Economy X
C) less than 100 times the quantity of goods as Economy X
D) more than 100 times the quantity of goods as Economy X
E) more inefficiently than Economy X

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents