Which of the Following Is Not Generally Considered an Advantage

question 3

Multiple Choice

Which of the following is not generally considered an advantage of specialization?

• A)high productivity
• B)low wage costs
• C)ease of training employees
• D)low equipment costs
• E)all are advantages

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Definitions:

Unemployed Workers

Individuals in the labor force who are without a job and are actively seeking employment.

Demand D1

This represents a specific demand curve in economic analysis, showing the relationship between the price of a good and the quantity demanded.

Supply S2

Represents a shift in the supply curve in the market, indicating a change in the quantity of goods that suppliers are willing to produce and sell.

Equilibrium Wage

The rate of pay where the demand for labor from employers is equal to the labor supply from workers.