A greater specialization of labour leads to which of the following major results?
A)the overall output of the economy declines
B)there is an increased need for government to intervene in the marketplace
C)the circular flow of income contracts
D)there is a greater need for trade
E)each worker must become more self-sufficient

Question

Quizplus · Accepted Answer

Greater specialization of labor leads to an increase in efficiency and productivity, which in turn leads to an increased need for trade to exchange the increased surplus production.

A Greater Specialization of Labour Leads to Which of the Following