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.
Ans: (D) By changing job availability in a country or region.
Economics
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In the figure above, when the market is in equilibrium, what is the total surplus?
A) $1,000 B) $800 C) $200 D) $1,600
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The ________ states that the nominal interest rate equals the real interest rate plus the expected rate of inflation
A) Fisher equation B) Keynesian equation C) Monetarist equation D) Marshall equation
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