The Process in Which Workers Select Specialized Tasks to Make

question 49

Multiple Choice

The process in which workers select specialized tasks to make a product is referred to as:

• A)a coincidence of wants.
• B)roundabout production.
• C)freedom of choice.
• D)division of labour.

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Definitions:

Plant Size

Refers to the scale or capacity of a manufacturing facility or industrial plant, affecting its potential output levels and efficiency.

Output Units

The measured quantity of goods or services produced by a firm or industry.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment to changes.

Extensive Range

A wide scope or variety of something, covering a broad spectrum.