The Division of Labor Refers to

question 331

Multiple Choice

The division of labor refers to

• A) the separation of blue-collared workers and white-collared workers.
• B) finding the best order of performing tasks.
• C) the separation of workers into union workers and non-union workers.
• D) the assignment of different workers to different tasks.

---

Definitions:

Optimum

The most favorable condition or highest achievable level of efficiency under the given circumstances.

Indifference Curves

Graphical representations in economics that show combinations of goods among which a consumer is indifferent.

Upward-sloping

A term used in economics to describe a curve that represents an increase in one variable as another variable increases, often used in the context of supply curves.

Preferences

Individual choices or tastes regarding various bundles of goods and services.