Economic Analysis Suggests That Gains from Specialization and Exchange

question 81

Multiple Choice

Economic analysis suggests that gains from specialization and exchange

• A) will not be realized unless a central planning authority requires that all goods be produced by the low opportunity cost supplier.
• B) will be realized if individuals are allowed to pursue goals that are in their own self-interest.
• C) will not be realized unless business firms employ economists when making decisions about the proper combination of resources to utilize in the production process.
• D) will be realized if individuals place the public interest above the pursuit of their own self-interest.

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