The Most Important Source of Gain from the Division of Labor

question 79

Multiple Choice

The most important source of gain from the division of labor is

• A) the repeal of the law of comparative advantage.
• B) the reduction in work effort because incentives are adversely affected.
• C) the increase in the number of jobs since more labor is used to produce goods.
• D) the benefits that result from specialization, adoption of mass production techniques, and exchange.

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Definitions:

Account Call Allocation

A strategy for determining how sales calls are distributed among potential or existing customers to maximize sales effectiveness and efficiency.

Travel Pattern

The habitual movement of individuals or goods over time, often analyzed for trends in tourism, commerce, or commuting behaviors.

Daily Planning

A process of organizing tasks and priorities on a day-to-day basis to ensure efficient time management and productivity.

Territorial Gains And Losses

Changes in the control or ownership of geographic areas, often discussed in the context of military conflicts or diplomatic negotiations.