Which of the following best defines the specialization of resources?
a. Workers are compensated as individuals.
b. Special resources are needed to produce most goods.
c. Each resource is paid for in full.
d. Each resource is paid the most if it is specialized.
e. Each resource is focused on a limited number of productive activities.
E
Economics
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When there is a shift the aggregate supply curve caused by factors external to a nation's economy, it is called
A) government control. B) an economic anomaly. C) a supply shock. D) a trade imbalance.
Economics
Statements that are a hypothesis or statement of fact are:
A) pecuniary. B) positive. C) nominal. D) normative.
Economics