The Specialization of Labor

question 71

Multiple Choice

The specialization of labor

• A) leads to a reduction in unemployment
• B) means that less equipment will be employed when labor and capital are substitutes in production
• C) expands the output a society can produce
• D) decreases the costs to the firm of coordinating activities
• E) effectively separates labor from management

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Definitions:

Heritability Estimate

A statistical measure that indicates how much of the variation in a particular trait within a population is due to genetic differences.

Tendency

An inclination or predisposition to exhibit a particular type of behavior or to react in a specific manner under given circumstances.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Weakest Relationship

The connection or link between variables that has the least strength or significance in statistical or qualitative analysis.