Specialization Usually Increases the Output of a Country; However Effective

question 104

Multiple Choice

Specialization usually increases the output of a country; however effective specialization requires:

• A) everyone in the country producing the same thing.
• B) that workers have very similar skills.
• C) an effective low-cost means to exchange goods and services.
• D) a large stock of capital.

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Definitions:

Qualifying Child

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Child Tax Credit

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