World Output of Goods and Services Increases with Specialization Because

question 113

Multiple Choice

World output of goods and services increases with specialization because:

• A) The world's resources are used more efficiently.
• B) The production possibilities curve shifts outward for each country.
• C) The workers in each country work fewer hours per week.
• D) The infant industries in each country are protected.

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Definitions:

Anonymity

A state of being unknown or unacknowledged, protecting personal or confidential information from being disclosed.

Confidentiality

The ethical and often legal duty to keep information shared by or about individuals during research, medical treatment, or any professional service private and secure.

Tenacity

A way of knowing based on accepting knowledge, correctly or incorrectly, because it has stood the test of time.

Test of Time

The ability of something to remain useful, valuable, or relevant over a long period.