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1.4 Production, costs and revenue

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Question 12

An economy can only fully exploit the benefits of specialisation and the division of labour if there is:

a high level of occupational immobility.

a widely accepted medium of exchange to facilitate trade.

an equal distribution of productive resources across all regions.

an absence of scarcity in the primary sector.

1.4 Production, costs and revenue Questions

  1. A Level
  2. /Economics
  3. /1.4 Production, costs and revenue