One of the Major Results of the Greater Specialization of Labour

question 66

Multiple Choice

One of the major results of the greater specialization of labour is that

• A)there is an increased need for government to intervene in the marketplace.
• B)there is a greater need for trade.
• C)the circular flow of income contracts.
• D)each worker must become more self- sufficient.
• E)the overall output of the economy declines.

---

Definitions:

Compensable Factors

These are the criteria used to evaluate a job's worth for the purpose of determining appropriate compensation, such as skill level, effort, responsibility, and working conditions.

Subcomponents

Smaller, constituent elements or parts that make up a larger system or component.

Pay Secrecy

A management policy not to discuss or publish individual salaries.

Pay Satisfaction

The level of contentment or happiness that employees feel regarding the compensation they receive for their work, including salary, bonuses, and benefits.