Which of the following is an example of specialization?
A) The output of workers in a chocolate factory doubled when a new manager was appointed.
B) The cost of production of a light bulb making factory decreased as its capacity increased.
C) Instead of a worker making an entire shoe, the total productivity increased when different workers were allotted different jobs in the production process.
D) Import of better technology and machinery from developed countries greatly increased the number of laser printers that a company was manufacturing.
C
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How did the Single European Act create economic gains in the EU?
What will be an ideal response?
One valuable lesson investors should learn from the stock market behavior during the late 1990s and early 2000s is that the Fed:
A. can control the stock market. B. cannot prevent a stock market decline. C. can reduce the idiosyncratic risk of investing but not the systematic risk. D. can eliminate the risk from investing.