It Pays for People to Specialize and Trade with Each

question 26

Multiple Choice

It pays for people to specialize and trade with each other because

• A)otherwise they would not survive.
• B)they can take advantage of the fact they have an absolute advantage in the production of something.
• C)this way they can consume outside their production possibilities frontier.
• D)this way the strong can exploit the weak.
• E)all of the above.

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Definitions:

Effectively

In a manner that achieves a desired result efficiently and successfully.

Organizational Pressure

The internal or external forces that influence the behaviors and decisions of individuals within a company.

Internal Source

Originating from within an organization or individual, as opposed to coming from external influences.

Workplace Diversity

The inclusion of a variety of people in a workplace, encompassing differences in race, ethnicity, gender, age, religion, ability, and sexual orientation.