Team Production Is

question 85

Multiple Choice

Team production is

• A)a production process with decreasing costs per unit as production increases.
• B)a production process with individuals specializing in mutually supportive tasks.
• C)the production that results from market activity.
• D)the cost of organizing an assembly line.
• E)the lower costs resulting from organizing a firm versus using the market to coordinate production.

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Definitions:

Structural Unemployment

A form of unemployment caused by a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or shifts in the economy.

Computer-Operated Machines

Computer-Operated Machines are devices controlled by computers to perform various tasks, increasing efficiency and precision in manufacturing and other industries.

Structural Unemployment

Occurs when there is a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.

Changing Technology

Refers to the rapid evolution and adoption of new tools, processes, and methodologies in the technology sector, affecting businesses and societies.