Problem
1. Explain what it means to "specialize in production and generalize in consumption." How many jobs do people usually have at a point in time? How many items does a food shopper usually have in his or her basket at the store?
2. Explain the connection between opportunity cost and comparative advantage.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.