All modern economies
A)depend on self-sufficient workers.
B)depend on workers who have acquired a wide variety of skills ("jacks of all trades").
C)depend on workers with a high degree of specialized skills.
D)depend on workers who can build their own tools.

Question

Quizplus · Accepted Answer

Modern economies rely heavily on specialization of labor, which means workers have a high degree of specialized skills in a particular field. This allows them to perform their job efficiently and produce high-quality goods and services in large quantities, which is essential for the growth of the economy. While some economies in the past may have relied on self-sufficient workers or those who had to acquire a wide variety of skills, this is not the case for modern economies. The idea of workers building their own tools is also not relevant in modern economies where tools are typically bought or rented from specialized suppliers.

All Modern Economies