How does human specialization contribute toward increasing an economy's output?
A) It exploits the differences in abilities.
B) It is a process of creative destruction.
C) It pushes each worker to master the whole product.
D) It encourages people to be a "jack-of-all-trades."

Question

Quizplus · Accepted Answer

Human specialization allows individuals to focus on tasks they are most skilled at, increasing productivity and efficiency. By exploiting the differences in abilities, each worker can contribute their unique skills and knowledge to the production process, leading to an overall increase in output.

How Does Human Specialization Contribute Toward Increasing an Economy's Output