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 "jacks-of-all-trades."

Question

Quizplus · Accepted Answer

Human specialization allows individuals to focus on what they are good at and increases their productivity. By exploiting the differences in abilities, each worker can become an expert in their area of specialization which leads to increased efficiency and output.

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