Author Question: In economics, specialization means a. producing something using only one type of resource, such as ... (Read 19 times)

jace · **on:** Jul 1, 2018

In economics, specialization means
a. producing something using only one type of resource, such as labor
b. producing something using only one type of labor
c. focusing efforts on a particular product or a single task
d. producing only one unit of output
e. producing something using only one unit of a variable resource

Question 2

Specialization of labor
a. increases productivity without creating any problems
b. reduces productivity, and is usually eliminated by business firms
c. can create problems of boredom and repetitive motion injuries
d. prevents the introduction of more sophisticated and efficient production techniques
e. ignores individual preferences and natural abilities