Chapter1 Quiz c - Chapter1Quizc 1. Divisionoflaborrefersto

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter1 Quiz c
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. Division of labor refers to A) dividing tasks up into several subtasks and having one person  perform these subtasks in a certain order.  B) the separation of hourly workers from salaried workers.  C) assigning different workers to different tasks.  D) separating union workers from nonunion workers.  2. The following graphs show the potential production for coats and  books in Utopia and Transylvania. Both countries have equal amounts  of resources available for production of coats or books. Which country  has the comparative advantage in producing coats and books?  A) Utopia has the comparative advantage in producing both goods.  B) Utopia has the comparative advantage in producing coats;  Transylvania has the comparative advantage in producing books.  C) Utopia has the comparative advantage in producing books;  Transylvania has the comparative advantage in producing coats. 
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/07/2011 for the course ECONOMICS 101 taught by Professor Wilhour during the Summer '08 term at Parkland.

Page1 / 3

Chapter1 Quiz c - Chapter1Quizc 1. Divisionoflaborrefersto

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online