Total Output in an Economy Increases When Each Person Specializes

question 61

Multiple Choice

Total output in an economy increases when each person specializes because

• A)there is less competition for the same resources.
• B)each person spends more time producing that product in which he or she has a comparative advantage.
• C)a wider variety of products will be produced within each country due to specialization.
• D)government necessarily plays a larger role in the economy due to specialization.

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Definitions:

Emotional Support

Describes assistance given to individuals through empathy, concern, encouragement, or companionship, helping them manage or overcome emotional distress.

Socially Constructed

A concept or perception of an object or idea that exists because people agree to behave as if it exists or follow certain conventional rules.

Human Interpretation

The process by which individuals understand or make sense of information, symbols, language, and actions based on their cognitive and subjective frameworks.

Macrosociology

The analysis of large-scale social systems and structures, such as the economy, polity, and population.