Which of the following is not a cost of specialized task assignment?
A. Functional myopia
B. Reduced flexibility
C. Comparative advantage of specialization
D. Foregone complementarities across tasks
Answer: C
You might also like to view...
The current role of the International Monetary Fund is one of
a. supervising a system of fixed exchange rates. b. providing assistance to countries with currency or debt problems. c. setting exchange rates based on a gold exchange standard. d. acting as a lender of last resort to central banks.
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were earning $30,000 in the United States, approximately what would they have to earn in China to have the same standard of living?
A. $22,500 B. $40,000 C. $7,500 D. $15,000
The demographic transition view alleges that:
A. the DVCs must first accept the use of birth control techniques to increase their standards of living. B. population growth will only decline if mortality rates exceed birth rates. C. if incomes first rise, population growth will then decline. D. population growth has no bearing on a nation's per capita income.
Refer to Figure 4-1. If the market price is $3.00, what is the maximum number of burritos that Arnold will buy?
A) 0 B) 2 C) 3 D) 4