Total Output in an Economy Increases When Each Person Specializes

question 61

Multiple Choice

Total output in an economy increases when each person specializes because

• A)there is less competition for the same resources.
• B)each person spends more time producing that product in which he or she has a comparative advantage.
• C)a wider variety of products will be produced within each country due to specialization.
• D)government necessarily plays a larger role in the economy due to specialization.

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Definitions:

Behavior Change

The process of altering individuals' attitudes or actions to improve health, social, or environmental outcomes, typically through interventions or education.

Organizational Stress

The stress experienced by individuals due to the demands, pressures, and dynamics within their working environment.

Psychological Response

An individual's emotional and mental reaction to a particular stimulus or situation, which can influence behavior and decision-making.

Time Management Matrix

A tool used to categorize tasks based on their urgency and importance, helping individuals prioritize their time effectively.