The benefits of specialization can be used to explain why:
A. machines are more productive than human workers.
B. individuals and nations benefit from trade.
C. big companies take advantage of smaller ones.
D. workers prefer to work on a variety of tasks during the day.
Answer: B
You might also like to view...
If current output is less than the profit-maximizing output, which must be true?
A) Total revenue is less than total cost. B) Average revenue is less than average cost. C) Average revenue is greater than average cost. D) Marginal revenue is less than marginal cost. E) Marginal revenue is greater than marginal cost.
A decrease in interest rates can ________ the demand for stocks as stocks become relatively ________ attractive investments as compared to bonds
A) increase; more B) decrease; less C) decrease; more D) increase; less E) increase; similar