Which of the Following Is True

question 131

Multiple Choice

Which of the following is true?

• A)People specialize by concentrating their energies on the activity to which they are best suited, because they incur lower opportunity costs as a result.
• B)The primary reason people pursue their comparative advantage is their self-interest.
• C)One advantage of specialization is that workers acquire greater skill from repetition.
• D)If a person, a region, or a country can produce a good or service at a lower opportunity cost than others, we say that they have a comparative advantage in the production of that good or service.
• E)All of the above are true.

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