By "Specialization" Economists Mean a Situation Where

question 90

Multiple Choice

By "specialization" economists mean a situation where

• A)individuals produce the goods or services for which they have relatively the best ability.
• B)goods are traded directly for goods and money is not used.
• C)individuals who produce goods do not also produce services and individuals who produce services do not also produce goods.
• D)individuals are assigned to occupations on the basis of tests that gauge their relative abilities.

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Definitions:

Legal Business

Activities that are conducted within the boundaries of the law.

Civil Service System

A merit-based selection system for government employees excluding military and political appointments, aimed at ensuring competence and impartiality.

Politics

The activities associated with governance, or the debate and conflict among individuals or parties having or hoping to achieve power.

Pendleton Act

A federal law enacted in 1883 that established that positions within the federal government should be awarded on the basis of merit instead of political affiliation.