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 stages of production
Correct Answer:
Verified
Q49: The specialization of labor:
A)increases productivity without creating
Q84: A medium of exchange must be _
A)
Q85: The division of labor facilitates productivity increases
Q86: When drawing a production possibilities frontier for
Q87: The division of labor means _
A) discrimination
Q90: Getting the most from available resources is
Q91: All of the following are examples of
Q92: In economics, specialization means _
A) producing something
Q93: The division of labor increases productivity because
Q94: At all points along the production possibilities
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