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:

Transferor

An individual or entity that transfers property, rights, or interest to another.

Instrument

A formal document, especially one used in legal or financial contexts, that records a contractual agreement, obligation, or right.

Enforce

To compel obedience or compliance, often through legal or authoritative action.

Restrictive Indorsement

A limitation specified on the face of a check or document that restricts the further transfer of its title or requires certain conditions to be met.