Why do most people choose to specialize in a narrow set of skills for their work, rather than to learn a little bit about several varied fields of endeavor?
A. They are unaware of how much better off they would be if they diversified their skills.
B. They feel that doing so will minimize their chances of being unemployed.
C. They don't correctly perceive the costs of being so specialized.
D. It allows them to earn more income by being more productive.
Answer: D
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Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the third dog in a day is bathing ________ dog(s)
A) 3 B) 4 C) 5 D) 18
Which of the following fiscal policy actions would definitely cause a reduction in the size of an inflationary gap?
A) cuts in taxes and increases in government spending B) increases in government spending C) increases in taxes D) cuts in taxes
The primary source of corporate financing in the United States is
A. the sale of stock. B. the sale of bonds. C. retained earnings. D. lending from commercial banks.
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