Which of the following is most likely an example of the division of labor?
a. It is easier to be a wheat farmer in North Dakota than in Florida.
b. If you live in or near a big city, it is easier to attract enough customers to operate a successful dry cleaning business or movie theater than if you live in a sparsely populated rural area.
c. A restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, and servers to wait on the tables.
d. Only those with medical degrees qualify to become doctors.
c. A restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, and servers to wait on the tables.
You might also like to view...
If domestic saving exceeds investment, there will be a current account surplus
Indicate whether the statement is true or false
Which of the following is a positive statement?
A. A humidity level of 90 percent is too high. B. It is too hot to run outside when the temperature exceeds 80 degrees. C. The temperature is 92 degrees today. D. Summer evenings are nice when it cools off to around 70 degrees.
Figure 15.3 depicts a one-mile stretch of beach with 100 swimmers distributed evenly along the beach. There are two ice cream vendors - 1 and 2 - on the beach selling an identical product. Assume that each swimmer buys only one ice cream cone and that they prefer to buy ice cream from the nearer vendor. If vendor 1 is at A while vendor 2 is at D, vendor 1 will sell ________ ice cream cones while vendor 2 sells ________ ice cream cones.
A. 40; 60 B. 45; 55 C. 55; 45 D. 60; 40
Contractionary fiscal policy will most likely
A. raise inflation. B. raise real GDP more than the increase in the price level. C. lower the price level. D. raise real GDP.