Adam Smith argued that greater specialization and division of labor are likely to:
A) improve standards of living.
B) reduce standards of living.
C) reduce worker productivity.
D) replace workers with machines, resulting in massive unemployment.

Question

Quizplus · Accepted Answer

Adam Smith argued that specialization and division of labor lead to increased efficiency and productivity, which in turn can improve standards of living.

Adam Smith Argued That Greater Specialization and Division of Labor