Which of the Following Is a Good Example of Efficient

question 118

Multiple Choice

Which of the following is a good example of efficient specialization and voluntary exchange?

• A)A college professor hires someone to rototill a garden for spring planting.
• B)A college professor works on the engine of a car for a neighbor who is a mechanic.
• C)A lawyer decides to babysit his young child and agrees to do so for others for cash.
• D)A physician agrees to help a neighbor work on her income tax return in exchange for her bookkeeping services.

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Definitions:

Location-based Technology

Technologies that use the geographic location of a device or user to provide services or data relevant to that location.

Independent Grocers Alliance

A network of independently owned and operated supermarkets around the world, allowing them to compete collectively with larger chains while preserving their unique local offerings.

Voluntary Chain

Groups of independent retailers, sponsored by wholesalers, who band together for increased buying power.

Artificial Intelligence

The simulation of human intelligence processes by machines, particularly computer systems, encompassing learning, reasoning, and self-correction.