Title: Specialization in production is important primarily because it: results in greater total output.  allows society to avoid the coincidence-of-wants problem.  allows society to trade by barter.  allows society to have fewer capital goods.
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Microeconomics is concerned with: ( Points : 1) the aggregate or total levels of income, employment, and output. a detailed examination of specific economic units that make up the economic system. positive economics, but not normative economics. the establishing of an overall view of the operation of the economic system. (More)
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Updated 12/16/2017 1:30:16 AM
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emdjay23
Microeconomics is concerned with a detailed examination of specific economic units that make up the economic system. Added 12/16/2017 1:30:16 AM
This answer has been confirmed as correct and helpful. Microeconomics is concerned with: