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

question 216

Multiple Choice

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 a "jack-of-all-trades."

---

Definitions:

Restatement (Second)

A collection of model laws aimed at clarifying, modernizing, and otherwise improving American common law on various subjects.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.

Common Law

A system of law based on precedent and court rulings, as opposed to statutes or written legislation.

Legally Enforceable

Capable of being imposed or upheld by law, typically referring to contracts or agreements.