Question

specialization refers to__________.
the process of creating goods and services.
the use of the four factors of production.
arranging work so that individuals do fewer tasks than before.
performing one task relatively more efficiently than another.
the scope of economics includes description, prediction and analysis.
true
false

Explanation:

1. For the first question: Specialization in economics focuses on focusing work to narrow task sets for efficiency, which matches the definition of arranging work so individuals do fewer tasks than before. The other options are incorrect: creating goods/services is production, using factors of production is input utilization, and relative efficiency is comparative advantage.
2. For the second question: The scope of economics includes describing economic phenomena, predicting future trends, and analyzing economic relationships, so the statement is true.

Answer:

1. arranging work so that individuals do fewer tasks than before.
2. True