Specialization in Production Is Important Primarily Because It

question 259

Multiple Choice

Specialization in production is important primarily because it

• A) results in greater total output.
• B) allows society to avoid the coincidence-of-wants problem.
• C) allows society to trade by barter.
• D) allows society to have fewer capital goods.

---

Definitions:

Socioeconomic Groups

Categories of people sharing similar levels of wealth, income, education, and employment.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, encompassing the culture, traditions, language, and heritage of that group.

Adolescence

A developmental stage characterized by the transition from childhood to adulthood, marked by physical, psychological, and social changes.

Autonomy

The capacity to make an informed, uncoerced decision about one's own actions and life direction.