Which Is the Best Example of Specialization

question 51

Multiple Choice

Which is the best example of specialization?

• A) A high school math teacher who teaches only calculus.
• B) A firm that produces both luggage and cooking oil.
• C) A person whose job includes accounting, personnel and maintenance tasks.
• D) A high school math teacher who teaches algebra and calculus.

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Definitions:

Innovation

The act of converting a concept or innovation into a product or service that generates value or is something customers are willing to purchase.

Thomas Friedman

An American journalist, author, and three-time Pulitzer Prize winner known for his work on globalization and the modern world economy.

Immigration

Moving to a different country with the intent to reside there indefinitely.

Opportunity Cost

The lost potential gain from other alternatives when one alternative is chosen.