The division of labour:
A) reduces the level of transaction costs significantly by simplifying production.
B) is efficient because it leads to technical progress.
C) increases productivity by reducing work to ordinary, dull activities.
D) increases efficiency by requiring people to use long periods of time to work on one task.
Correct Answer:
Verified
Q53: There are so few .400 hitters in
Q54: The following are potential owners of a
Q55: Team production raises organizational issues which do
Q56: Public corporations:
A)are characterized by dispersed ownership.
B)are own
Q57: Large factory- like firms survive because:
A)the ability
Q59: A firm is best thought of as:
A)a
Q60: Which of the following is the best
Q61: A good example of a residual claimant
Q62: An owner- operator firm is where:
A)the owner
Q63: A residual claimant is:
A)a waste disposal expert.
B)the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents