1.)Which of the following is not a reason why specialization and trade are benef

Question

1.)Which of the following is not a reason why specialization and trade are beneficial to society? A.)Scarce resources are utilized more efficiently B.)Firms and workers become less dependent on others for producing goods and services C.)The output of economic goods may be increased even without any increase in resources D.)Division of labor fosters learning by doing, thus lowering the unit-costs of products 2.)The basic problem in central planning has to do with: A.)Determining the proper geographic location of new firms B.)Coordinating production so that production bottlenecks do not develop C.)Determining the production goals for a factory D.)Providing financial resources for increasing the real flows of products

Explanation / Answer

1. B.)Firms and workers become less dependent on others for producing goods and services 2. B.)Coordinating production so that production bottlenecks do not develop

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.