The division of labor refers to
A) the separation of blue-collared workers and white-collared workers.
B) finding the best order of performing tasks.
C) the separation of workers into union workers and non-union workers.
D) the assignment of different workers to different tasks.
D
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Of the following high-income countries, which has the highest male life expectancy at age 65?
A) Canada B) Japan C) the United Kingdom D) the United States
The budget deficits of the 1980s and early 1990s differ from others in the post-World War II era in that they were
a. a result of the Fed rather than a change in fiscal policy. b. temporary rather than structural, and pose no threat to the economy. c. not contracted to fight a war or end a recession. d. contracted as part of a program to plan the economy.
What do "increasing the reserve requirement ratio" and "increasing the discount rate" have in common?
What will be an ideal response?
Classical economists believe that
A. money is neutral. B. inflation is determined by wage growth. C. monetary policy should be used to combat recessions. D. an increase in the real money supply affects output.