Which of the following statements about the concept

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153. Which of the following statements about the concept ‘division of labour’, according to Heilbroner, is false ? A. It allows us to benefit from other people’s skills as well as our own B. It makes us vulnerable to strikes C. It refers to the division of society’s workers between consumption and capital good production D. It means that people in wealthy societies are more socially interdependent than people in poor societies lOMoARcPSD|8128946
154. Heilbroner argues that the caste system in India is an example of
155. According to Heilbroner, which of the following is false about the command system of economics?
156. There are serious storms in False Bay. As a result, many fishing vessels don’t go out to sea. Ceteris paribus, the effect on the fish market is to
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157. You know the following facts: (1) foot and mouth disease in Mpumulanga has killed off a large percentage of South African cattle and (2) as a result of the US war in Iraq, a large number of SA consumers decide to boycott MacDonalds. What is the effect on equilibrium price and quantity in the market for MacDonalds Burgers? A. Equilibrium price would increase and equilibrium quantity would decrease B. Equilibrium price and quantity would both decrease C. Equilibrium price would increase and equilibrium quantity would be indeterminate D. Equilibrium quantity would decrease and equilibrium price would be indeterminate
158. Which of the following will cause an increase in the supply of SA wheat?

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