Which of the following explains why people tend to dedicate their resources to one primary activity?
A) Opportunity costs
B) Negative incentives
C) Positive thinking
D) Fallacy of composition
Correct Answer:
Verified
Q131: Which of the following is likely to
Q132: Specialization is a way for:
A) individuals to
Q132: Individuals:
A)respond to incentives in predictable ways.
B)decrease the
Q133: Kelly is an attorney and also an
Q134: Specialization:
A) leads to greater self-sufficiency.
B) can lead
Q135: When a person possesses a comparative advantage
Q135: Resources are used more efficiently if people,
Q139: Sergei makes millions of dollars a year
Q141: The ability to produce at a lower
Q141: Market failure occurs when:
A) the stock markets
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