6. Consumers express self-interest when they: A. Seek the lowest price for a pro

Question

6. Consumers express self-interest when they: A. Seek the lowest price for a product B. Reduce business losses C. Collect economic profits D. Search for jobs with the highest wages 7. Which of the following is not a reason why specialization and trade are beneficial to society? A. The output of economic goods may be increased even without any increase in resources B. Scarce resources are utilized more efficiently C. Division of labor fosters learning by doing, thus lowering the unit-costs of products D. Firms and workers become less dependent on others for producing goods and services

Explanation / Answer

D A

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