Suppose That a Further Increase in Specialization Allows a Country

question 75

Multiple Choice

Suppose that a further increase in specialization allows a country to increase total output by 10%, but afterward it was discovered that work absenteeism increased by 30%. This is likely an example of:

• A) modern production.
• B) too much specialization.
• C) too little specialization.
• D) inefficiencies caused by labor unions.

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Definitions:

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.

Relationship Variables

Factors that define the nature or characteristics of interactions between entities or individuals.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often the mean, median, or mode.

Interval Scale

A scale of measurement where the intervals between numbers on the scale are all equal in size.