Who should specialize in making strawberry pies

Reference no: EM133717409

Problem

What are the 3 different types of investment spending counted in GDP? What are three characteristics that make specialization an effective way for workers to increase their productivity? Mary can make 3 strawberry pies or 3 apple pies in an hour. Steve can make 5 strawberry pies or 10 apple pies in an hour. According to economic reasoning, who should specialize in making strawberry pies? Explain.

Reference no: EM133717409

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