The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
<h3>What is Specialization of Labor?</h3>
Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
- Keisha can specialize in washing cars because she has a comparative advantage.
- Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
- Specialization allows them to earn more money.
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<span>Semiotics is the study of how meaning is made from the use of symbols. The symbols can be written, gestural, auditory, or communicated in some other way. The emphasis is on the correspondence between symbols and their role in how meaning is assigned among people. Thus semiotics is not just about the meaning itself, but how the meaning has come about.</span>
Answer: I decreases; II decreases; III decreases
Explanation:
Debt Covenants becoming more restrictive means that less people want to borrow money. This shifts the demand curve to the left and this Decreases interest rates.
The Fed increasing money supply means that there is more money in the economy. This shifts the supply curve to the right thus having the effect of reducing Interests rates as there is more money available for loans.
Total Household Wealth increasing means that Households have less of an incentive to borrow money. This reduces the demand for interest rates so interest rates decrease.
Answer:
See below
Explanation:
A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.
The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.
