Page 19 12 What are five foundations of economics Which of

Page 19 1.2. What are five foundations of economics? : Which of the following is true of economically beneficial specialization? Correct Answer(s Drag appropriate answerls) here es whatever involves theEach worker does whatever he or she does greatest comparative advantage. best, compared with other tasks. is bestEach worker does whatever involves the best Each worker does whatever he or she at, compared with other people lowest opportunity cost, compared with other tasks. : Incorrect Answer(s)

Solution

Through specialization the productivity of Labour improves that is efficiency. As we are producing as per specialization therefore the Marginal product of Labour increases thus each worker whatever involves lowest opportunity cost, compared with other tasks.