Which of the following is an example of the division of labor?
A) An author writing a book one chapter at a time
B) A firm trying to get rid of a labor union
C) Separating resources into four categories: land,labor,capital,and entrepreneurial ability
D) Allocating revenue among a firm's resource suppliers
E) Dividing an assembly process into separate steps
Correct Answer:
Verified
Q73: The figure below shows the production possibilities
Q75: Efficiency involves:
A)producing output using the least amount
Q76: An economy's production possibilities frontier:
A)helps explain the
Q79: Which of the following is measured along
Q80: In economics,specialization means:
A)producing something using only one
Q81: The figure given below shows the production
Q82: As resources are not perfectly adaptable to
Q101: If all resources are used efficiently to
Q122: Points outside the production possibilities frontier represent
A)unemployment
Q140: The law of increasing opportunity cost explains
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