1. Which of the following are examples of specialization? The clock at that apply.
a.Felix and Megan each spend half the day washing cars and half the day mowing borne. In between washing cars and mowing lawns, they each must spend an hour putting away the tar-washing equipment and changing clothes before mowing lawns.
b. Victor is a historian. He hires a domestic worker to dean his apartment twice a week so that he can concentrate on clang research.
c. Akshay writes well, and Eleanor is an expert on health; therefore, Akshay writes novels, and Eleanor is a nutritionist.
2. Which of the following are necessary conditions for specialization to occur? Check all that apply.
a. A system of exchange must be in Carte.
b. Everyone must be equally productive at the same task.
c. Individuals focus only on the tasks they prefer.
3. Darnell Is one of the best tax accountants in all of Komi and is mimed to a baker. Darnell does the taxes of many celebrities, professional athletes,
and politicians. True or False: The principles of comparative advantage and SpeCiabzabOn Imply that Darnell ShOuk100 his partner's taxes because anyone else Darnell would hire would likely be less skilled at tax accounting.
a. False
b. True

Answer rating: 100% (QA)

The examples of specialization are as listed below 1 Felix and Megan both are involved in two activi... View the full answer