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Unformatted text preview: 4. In which stage of economic development? 5. Smith wrote, The degree of the division of labor is limited by the extent of the market. He concluded that nations should invest in transportation infrastructure. What is another way to extend the market? 6. We live in a world of specialized professions. That reflects what principle of production? 7. As explained in lecture, a Fachidiot is often another name for a highly trained expert. (T/F) 8. What major industry manufactures what Ewen calls social insecurity? 9. According to Ewen, consumer purchases reflect rational choices. (T/F) 10. What is the single most important industrial input that Georgia Tech provides to the economy?...
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- Fall '08