Specialization of labor typically leads to higher levels of productive inefficiency in an economy.

Question

Quizplus · Accepted Answer

Specialization of labor actually leads to higher levels of productive efficiency in an economy. When workers specialize in specific tasks, they become more skilled and efficient in performing those tasks, which can lead to increased productivity and output. Additionally, specialization allows for the development of machinery and technology specifically designed to perform those specialized tasks, which can further increase efficiency.

Specialization of Labor Typically Leads to Higher Levels of Productive