Specialization of labor
a. increases productivity without creating any problems
b. reduces productivity, and is usually eliminated by business firms
c. can create problems of boredom and repetitive motion injuries
d. prevents the introduction of more sophisticated and efficient production techniques
e. ignores individual preferences and natural abilities
C
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In a Prisoners' Dilemma, both players are willing to pay to be forced to cooperate.
Answer the following statement true (T) or false (F)
If the United States' unemployment rate is 10 percent and the capacity utilization rate is 70 percent, the economy is in the midst of a ____________.
Fill in the blank(s) with the appropriate word(s).
If consumption is $10,000 when income is $10,000, and consumption increases to $11,000 when income increases to $12,000, the MPS is
A. 0.10. B. 0.25. C. 0.50. D. 0.90.
If aggregate output is less than planned spending, then
A. unplanned inventory investment is positive. B. unplanned inventory investment is negative. C. unplanned inventory investment is zero. D. actual investment equals planned investment.