Question & Answer: Attempts: Score: 3 8. Division of labor Which of the following are examples of specializati…..

Attempts: Score: 3 8. Division of labor Which of the following are examples of specialization? Check all that apply. Akshay understands people, and Eleanor is an expert on sports; therefore, Akshay is a therapist, and Eleanor is a sports commentator. Victor is a fashion designer. He hires a domestic worker to clean his apartment twice a week so that he can concentrate on designing. Felix and Megan each spend half the day walking dogs and half the day baby-sitting. In between walking dogs and baby-sitting, they each must spend an hour showering, changing, and driving to new locations to begin baby-sitting. Which of the following are necessary conditions for specialization to occur? Check all that apply. A system of exchange must be in place. Individuals focus only on the tasks they prefer. Everyone must be equally productive at the same task. Simone is one of the top race car drivers in the world. Simone has two kids age 12 and 14 True or False: The principles of comparative advantage and specialization imply that she can benefit by hiring someone else to drive her kids to school, even if the person she hires is not as skilled a driver. True False