People Would Not Choose to Specialize Because

question 47

Multiple Choice

People would not choose to specialize because:

• A) it can lead to more consumption than being self-sufficient.
• B) it can lead to consumption beyond the production possibilities frontier.
• C) it allows people to acquire goods at a lower opportunity cost.
• D) production standards are harder to control if goods are imported from other countries.

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Definitions:

Grainger

Grainger typically refers to W.W. Grainger, Inc., a broad-line supplier of maintenance, repair, and operating (MRO) products for businesses and institutions.

Amazon Business

A marketplace on Amazon that caters to the specific needs of businesses by providing business pricing, quantity discounts, and other business-specific features.

Financial Technology

An emerging industry that uses technology to improve activities in finance, including new applications, processes, products, or business models.

Client-Server Computing

A computing model in which server hosts, delivers, and manages most of the resources and services to be consumed by the client.