The division of labor refers to
A) workers being assigned specific tasks.
B) workers performing multiple tasks.
C) separating men and women in the workforce.
D) creating jobs that all people can perform at the same level.
Answer: A
You might also like to view...
Refer to Figure 13-3. Suppose the economy is at point A. If government spending increases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
The combination of inefficiently high demand and dwindling quantity leads to what is called:
A. the free rider problem. B. nonexcludable consumption. C. rival in consumption. D. the tragedy of the commons.
The government could offer a subsidy to offset a:
A. network externality. B. positive externality. C. negative externality. D. A subsidy could offset any of these.
Open-market operations change:
A. the size of the monetary multiplier but not commercial bank reserves. B. commercial bank reserves but not the size of the monetary multiplier. C. neither commercial bank reserves nor the size of the monetary multiplier. D. both commercial bank reserves and the size of the monetary multiplier.