Which of the Following Provides the Best Evidence of the Specialization

question 126

Multiple Choice

Which of the following provides the best evidence of the specialization of labor?

• A)A firm that produces a line of related products,such as eight kinds of breakfast cereal
• B)An architect who is willing to practice in only one geographic area
• C)A physician who practices in a specialty area such as cardiology or orthopedic surgery
• D)A family that eats at Wendy's every Thursday night
• E)A retailer who sells goods but provides no services

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Definitions:

South Korean Won

The official currency of South Korea, used as a medium of exchange within the country.

Appreciated in Value

An increase in the worth of an asset or currency over time.

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world in a given period.

Financial Account

A component of a country's balance of payments that records investments and transactions of financial assets between residents and non-residents.