Division of labour raises the output of society by
A)reducing the choices people have to make to a more manageable number.
B)eliminating scarcity.
C)allowing resources to specialize in the tasks for which they have a comparative advantage.
D)ensuring that people are happier in performing their work.

Question

Quizplus · Accepted Answer

Division of labour allows resources to specialize in the tasks for which they have a comparative advantage. When individuals or resources concentrate on producing the goods or services they can produce most efficiently, the overall output of society increases. This is because resources are not wasted on producing goods that they are not good at producing, which can lead to inefficiencies and lower overall output.

Division of Labour Raises the Output of Society by