Adam Smith Explains That Industrial Societies Can Increase Output Using

question 12

Multiple Choice

Adam Smith explains that industrial societies can increase output using the same labor-hours as in preindustrial society through:

• A)Comparative advantage
• B)Division of labor
• C)Opportunity costs
• D)Gains from trade
• E)Absolute advantage

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Definitions:

Work Motivation

The internal force that drives individuals to achieve work-related goals and perform tasks effectively.

Frederick Herzberg

An American psychologist known for introducing the two-factor theory of motivation, emphasizing the role of motivator and hygiene factors in job satisfaction.

Job Enrichment

A job design technique that is aimed at increasing employee satisfaction by adding more meaningful tasks and giving them more control over their work.

Growth-Need Strength

The degree to which individuals require growth, personal accomplishment, and development within their job to feel satisfied.