Which of the Following Does NOT Occur at Very High

question 143

Multiple Choice

Which of the following does NOT occur at very high levels of job specialization?

• A)Product quality increases while the quantity of output decreases.
• B)Employee turnover increases.
• C)Employees are less motivated to perform their jobs well.
• D)Employers are often forced to pay higher wages to attract job applicants to the tedious work.
• E)Worker alienation increases.

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Definitions:

Private Ownership

The legal right held by individuals or corporations to have exclusive control over and use of property, assets, or commodities.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Henry George

A 19th-century economist known for his belief that people should own the value they produce themselves, but that land and natural resources should belong to all (Georgism).

Allocative Efficiency

A state of resource allocation in which it is impossible to make any one individual better off without making at least one individual worse off.