Labor specialization can increase production primarily because workers
a. are now supervised more and so have to work harder
b. become proficient when they specialize in what they do best
c. have to work more hours to buy the things they want
d. engage in competitive, rather than cooperative, production
e. have to learn how to do every production-related task well
B
You might also like to view...
Define "reservation values." If a buyer of a product has a reservation value of $10, the seller of the product has a reservation value of $3, and the equilibrium price of the product is determined at $5,
calculate the consumer surplus and the producer surplus.
What is health insurance?
What will be an ideal response?
Show how a monopolist maximizes its profit. Explain your graph.
What will be an ideal response?
The Fed relies on three instruments to control the money supply. They are
a. taxes, reserve requirements, and the discount rate b. government spending, the discount rate, and open market operations c. reserve requirements, the discount rate, and currency liability d. reserve requirements, the discount rate, and open market operations e. reserve requirements, taxes, and open market operations