Asked by
Kirby Richards
on Nov 11, 2024
Verified
Hans can do 4 loads of laundry per hour,and he can type 6 pages per hour.Maria can do 12 loads of laundry per hour,and she can type 8 pages per hour.Hans and Maria would both be better off if:
A) Hans specialized in typing and Maria in doing laundry,trading with each other for the other service.
B) Hans specialized in doing laundry and Maria in typing,trading with each other for the other service.
C) each did their own laundry and typing.
D) Maria did all of the typing and all of the laundry.
E) Hans did all of the typing and all of the laundry.
Specialized
Having a focus or expertise in a specific area of activity, knowledge, or production, often leading to increased efficiency.
Trading
The act of buying, selling, or exchanging goods, services, or financial instruments within markets.
Loads
In finance, refers to fees or commissions charged by a mutual fund, which can be at the time of purchase (front-end load), time of sale (back-end load), or as an annual expense (level load).
- Analyze the benefits of specialization and the division of labor in boosting productivity and facilitating trade.
- Recognize the situations that favor the adoption of specialization and trade for individuals or entities.
Verified Answer
IS
Learning Objectives
- Analyze the benefits of specialization and the division of labor in boosting productivity and facilitating trade.
- Recognize the situations that favor the adoption of specialization and trade for individuals or entities.