Which is the best example of specialization?
A) A high school math teacher who teaches only calculus.
B) A firm that produces both luggage and cooking oil.
C) A person whose job includes accounting, personnel and maintenance tasks.
D) A high school math teacher who teaches algebra and calculus.
Correct Answer:
Verified
Q341: The ability to produce a good at
Q341: Carlos is an executive of a major
Q342: Specialization can occur because
A) governments pass laws
Q342: Why specialize?
A) Because assigning each worker a
Q345: If individual X has comparative advantage in
Q346: If a country's production possibilities curve gets
Q348: A person has a comparative advantage in
Q351: Division of labor increases the output of
Q352: Other things being equal, you can make
Q356: Absolute advantage is
A) producing at a lower
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