Solution: Choose the term that best fits the definition. On a separate sheet of paper

Chapter 2, Problem 2

(choose chapter or problem)

Choose the term that best fits the definition. On a separate sheet of paper, write the letter of the answer. Some terms may not be used._____ 2. Organizing the production of goods into separate tasks to be carried out by separate workersa. absolute advantage b. barter c. division of labor d. economic growth e. economic system f. efficiency g. law of comparative advantage h. law of increasing opportunity cost i. market economy j. mixed economy k. money l. production possibilities frontier (PPF) m. pure command economy n. pure market economy o. specialization p. traditional economy q. transitional economy

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