The economy is in an expansion and the housing market is growing. As a result of this, a home builder doubles his sales force. This would be best described as an example of a reduction in

How does specialization affect employment patterns?

(A) By making sure that each person produces the goods for which he or she has a comparative advantage. (B) By using the absolute advantage that many people have in production work. (C) By creating specialized work for a few people. (D) By changing job availability in a country or region.

Many countries dropped their use of money-growth targets in the 1980s because

A) they were in severe recessions. B) political opponents claimed money-growth targeting helped the rich at the expense of the poor. C) money demand became unstable. D) it was too difficult to coordinate monetary policy with fiscal policy.