Author Question: Because of specialization and comparative advantage, most people a. consume only what they produce ... (Read 85 times)

mynx · **on:** Jul 1, 2018

Because of specialization and comparative advantage, most people
a. consume only what they produce themselves
b. consume the products produced by their family and friends
c. consume the products of many other specialists
d. do not use money as a medium of exchange
e. share whatever they produce

Question 2

Division of labor increases productivity because
a. tasks can be assigned according to individual tastes and abilities
b. workers who repeatedly perform the same tasks become bored
c. each worker must learn each of the numerous tasks in the total production process
d. specialization of labor allows for the introduction of cheaper, less sophisticated production techniques
e. managers can force workers to produce goods that are valued more highly than the costs of producing them.