18. Competition means that: AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 19. The division of means that: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 20. Specialization in production is important primarily because it: AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 21. Specialization—the division of labor—enhances productivity and efficiency by:
18. Competition means that: AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 19. The division of means that: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 20. Specialization in production is important primarily because it: AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 21. Specialization—the division of labor—enhances productivity and efficiency by:
test-bank-macroeconomics-20th-edition-mcconnell.docx