In Economics,specialization Means

question 76

Multiple Choice

In economics,specialization means:

• A)producing something using only one type of natural resource.
• B)producing something using only labor.
• C)focusing efforts on a particular product or a single task.
• D)producing only one unit of output.
• E)producing something using only one unit of a variable resource.

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Definitions:

Net Amount

The final amount remaining after all deductions, like taxes and fees, have been subtracted from the gross amount.

Collect Like Terms

A mathematical process to simplify algebraic expressions by combining constants and variables that are the same.

Operation Indicated

A term referring to the specific process or calculation suggested by the context, often mathematical or procedural.

Collect Like Terms

A mathematical strategy used in algebra to simplify an expression by combining terms that have the same variables and exponents.