The Most Important Source of Gain from the Division of Labor

question 79

Multiple Choice

The most important source of gain from the division of labor is

• A) the repeal of the law of comparative advantage.
• B) the reduction in work effort because incentives are adversely affected.
• C) the increase in the number of jobs since more labor is used to produce goods.
• D) the benefits that result from specialization, adoption of mass production techniques, and exchange.

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Definitions:

Incomes

The monetary payment received for work or through investments.

Large Firms

Businesses or corporations that operate on a large scale in terms of revenue, employees, or market presence, often influential in their industries.

Stacked Bar Chart

A graphical representation of data where different categories are stacked on top of each other within bars, showing the total and the composition of the total.

Wins

Victories or successes in competitions, games, or other contests.