Division of Labour Raises the Output of Society by

question 57

Multiple Choice

Division of labour raises the output of society by

• A)reducing the choices people have to make to a more manageable number.
• B)eliminating scarcity.
• C)allowing resources to specialize in the tasks for which they have a comparative advantage.
• D)ensuring that people are happier in performing their work.

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Definitions:

Costly Changes

Alterations in a process, system, or organization that require significant resources, such as time, money, or effort, often assessed against potential benefits.

Employers

Individuals or organizations that hire and pay people to work for them, typically in exchange for their labor or professional services.

Employment Selection

The process of assessing and choosing from among job applicants to decide who should be hired for a vacant position.

Pencil-and-paper Tests

Traditional forms of assessment used to evaluate an individual's knowledge, skills, or psychological state, requiring written responses on paper.