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Economics
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22 Dec 2018

The system where workers concentrate on specialized tasks to make a product is referred to as:

A. Coincedence of wants

B. Roundabout production

C.Freedom of enterprise

D. Division of Labor

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26 Mar 2023
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Related questions

As a firm hires more workers its marginal product of labor increases only if:
a. all workers are paid different wages
b. each worker does the same tasks as all othersΒ 
c.the firm produces commodities
d. all workers are paid the same wage
e. employees are assigned specialized tasks

Specialization - the division of labor - enhances productivity and efficiency by

A. allowing workers to take advantage of existing differences in their abilities and skills.

B. avoiding the time loss involved in shifting from one production task to another.

C. all of the means identified in the other answers.

D. allowing workers to develop skills by working on one, or a limited number of tasks.

Choose the correct answer for the below question:

Which of these can a country have when there is an international division of labor?

  1. a gross domestic product
  2. social welfare programs
  3. specialized production
  4. protectionist policies

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