Specialization in Production Is Beneficial Because

question 16

Multiple Choice

Specialization in production is beneficial because

• A) it allows everyone to have a job that they like.
• B) it permits people to expand production and achieve rates of output that would otherwise be unattainable.
• C) it allows everyone to be self-sufficient.
• D) it eliminates the need for the division of labor.

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Definitions:

Procedures

Established methods or protocols for conducting activities, operations, or processes in an organized and standard manner.

Territory

A territory is a defined geographical area under the jurisdiction of a government but may not have the full rights or representation of other regions within the country.

Rule of Law

The principle that all people and institutions are subject to and accountable to law that is fairly applied and enforced.

Autocracies

Forms of government where power is concentrated in the hands of a single individual or a small group, with little to no participation or opposition from the populace.