Generally, specialization leads to
A) constant opportunity costs.
B) greater productivity.
C) the production of fewer capital goods.
D) greater self-reliance.
B
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Do you think it is in the material interests of high-income countries to help low-income countries improve their economic performance? Why or why not?
What will be an ideal response?
In 1999, what percentage of K-12 students attended private schools?
a. Around 6 percent b. Around 9 percent c. Around 11 percent d. Around 14 percent
When does the problem of adverse selection arise in any market?
Which of the following would lead to an increase in the demand for designer blue jeans?
a. a decrease in the price of designer blue jeans b. a reduction in the price of the cotton used to produce the jeans c. an increase in the income of youthful Americans d. an increase in the price of the cotton used to produce the jeans